[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  XAUUSD (Gold) - Traders [@TradersXauusd](/creator/twitter/TradersXauusd) on x 49.7K followers Created: 2025-07-24 01:00:54 UTC On Wednesday (23 July), gold prices edged lower, surging as high as $XXXXXXXX in the morning, but the bulls failed to break through the June XX high of $XXXXXXXX and then retreated. The hesitant sentiment in the near-record high range reflects investors' waning willingness to chase gains near the $XXXXXXXX record high. Technical support is gradually building near $3,374.42, with stronger demand expected near $XXXXXXXX and the 50-day SMA at $3,336.40, which remains a key structural level supporting the market. US-Japan trade deal weakens safe-haven demand The pullback in gold prices comes on the heels of news of a US-Japan trade deal that reduces tariffs on cars and other goods. This agreement eased some of the geopolitical tensions and dampened safe-haven demand for gold. While markets viewed this development as a positive for risk assets, silver surged to its highest level since September 2011, fuelled by strong industrial demand and ongoing supply constraints. The long-term outlook for gold remains constructive despite short-term pressure from profit-taking, improving risk sentiment and rising yields. The key support zone of $3374.42-3336.40 is expected to attract buyers on the low side. Once the current pressure eases, the continued weakness of the US dollar, increased gold holdings by central banks and concerns about the autonomy of the Federal Reserve could push gold prices higher. #XAUUSD #gold XXXXX engagements  **Related Topics** [Sentiment](/topic/sentiment) [xauusd](/topic/xauusd) [Post Link](https://x.com/TradersXauusd/status/1948186594982396213)
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XAUUSD (Gold) - Traders @TradersXauusd on x 49.7K followers
Created: 2025-07-24 01:00:54 UTC
On Wednesday (23 July), gold prices edged lower, surging as high as $XXXXXXXX in the morning, but the bulls failed to break through the June XX high of $XXXXXXXX and then retreated. The hesitant sentiment in the near-record high range reflects investors' waning willingness to chase gains near the $XXXXXXXX record high. Technical support is gradually building near $3,374.42, with stronger demand expected near $XXXXXXXX and the 50-day SMA at $3,336.40, which remains a key structural level supporting the market.
US-Japan trade deal weakens safe-haven demand
The pullback in gold prices comes on the heels of news of a US-Japan trade deal that reduces tariffs on cars and other goods. This agreement eased some of the geopolitical tensions and dampened safe-haven demand for gold. While markets viewed this development as a positive for risk assets, silver surged to its highest level since September 2011, fuelled by strong industrial demand and ongoing supply constraints. The long-term outlook for gold remains constructive despite short-term pressure from profit-taking, improving risk sentiment and rising yields.
The key support zone of $3374.42-3336.40 is expected to attract buyers on the low side.
Once the current pressure eases, the continued weakness of the US dollar, increased gold holdings by central banks and concerns about the autonomy of the Federal Reserve could push gold prices higher. #XAUUSD #gold
XXXXX engagements
