U.S. Administration Notifies Tariff Rates to Various Countries; Gold Seeks Direction【JULY10, 2025】

Fundamental Analysis

  • The U.S. administration announced a 50% tariff on Brazil.
  • Prices of copper, silver, and other precious metals surged.

XAUUSD Technical Analysis

Analyzing the daily chart of gold shows a triangle pattern forming, with lower highs and higher lows indicating a lack of clear direction. Currently, the market is in a range around 3300USD.

Let’s explore possible movements ahead. The Alligator indicator, developed by Bill Williams, shows the long-term > medium-term > short-term moving averages aligned from top to bottom, signaling a bearish outlook.

The price is approaching the lower trendline of the triangle pattern, so we should watch for a potential breakout. The Parabolic SAR, often used for stop-and-reverse strategies, is positioned above the candlesticks, which also supports a bearish stance unless a buy signal is triggered.

XAUUSD/Daily

Day Trading Strategy (1-Hour Chart)

On the 1-hour chart, the price is reacting to a descending trendline and has rebounded. The Parabolic SAR is below the candlesticks on the 1-hour chart, making it difficult to justify a short entry.

Additionally, the Alligator lines are opening upward.

There’s a conflict between the daily and hourly charts. However, with many stop-loss orders likely below current levels, a downside breakout could lead to a measurable decline.

For short-term trades, consider a new short position when a Parabolic SAR sell signal appears. For medium- to long-term strategies, consider buying around the 3280USD level if the price drops.

XAUUSD/1H

Support and Resistance Levels

Support and resistance levels to watch going forward:

  • 3320USD – Short-term Alligator
  • 3282USD – Recent daily low

Market Sentiment

XAUUSD

  • 47% short / 53% long

Key Economic Events Today

Event/IndicatorTime(JPT)
Japan – Domestic Corporate Goods Price Index8:50
U.S. – Initial Jobless Claims21:30