{"id":24113,"date":"2026-07-30T05:23:57","date_gmt":"2026-07-30T05:23:57","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=24113"},"modified":"2026-07-30T05:23:57","modified_gmt":"2026-07-30T05:23:57","slug":"daily-commentary-442","status":"publish","type":"post","link":"https:\/\/www.maxainasia.com\/th\/daily-commentary-442-20260730\/","title":{"rendered":"XAU\/USD \u0e01\u0e33\u0e25\u0e31\u0e07\u0e08\u0e31\u0e1a\u0e15\u0e32\u0e40\u0e1b\u0e49\u0e32\u0e2b\u0e21\u0e32\u0e22 $4,000 \u0e41\u0e25\u0e30\u0e02\u0e49\u0e2d\u0e21\u0e39\u0e25 GDP \u0e02\u0e2d\u0e07\u0e2a\u0e2b\u0e23\u0e31\u0e10\u0e2f \u0e17\u0e48\u0e32\u0e21\u0e01\u0e25\u0e32\u0e07\u0e04\u0e27\u0e32\u0e21\u0e15\u0e36\u0e07\u0e40\u0e04\u0e23\u0e35\u0e22\u0e14\u0e43\u0e2b\u0e21\u0e48\u0e23\u0e30\u0e2b\u0e27\u0e48\u0e32\u0e07\u0e2a\u0e2b\u0e23\u0e31\u0e10\u0e2f \u0e41\u0e25\u0e30\u0e2d\u0e34\u0e2b\u0e23\u0e48\u0e32\u0e19"},"content":{"rendered":"<ul class=\"wp-block-list has-text-color\" style=\"color: #f40307;\">\n<li><strong>Gold faces rejection once again above $4,100 in the aftermath of the Fed verdict-led volatility.<\/strong><\/li>\n<li><strong>The US Dollar pauses post-FOMC sell-off as the US launches fresh strikes on Iran.<\/strong><\/li>\n<li><strong>A daily closing above $4,100 and the RSI above 50 are needed to negate Gold\u2019s bearish outlook.<\/strong><\/li>\n<\/ul>\n<p>Gold\u00a0is back in the red early Thursday, after failing to sustain above $4,100 for the fourth time this week.<\/p>\n<p>Gold is fading its recent upswing as the US Dollar (USD) attracts dip-buying amid a revival of haven demand as the United States (US) launched fresh strikes on Iran this Wednesday.<\/p>\n<p>The US Central Command\u00a0said on X that it completed its \u201cheavy wave of strikes\u201d against Iran, hitting the south-western Iranian city of Abadan as well as\u00a0Qeshm Island.<\/p>\n<p>The US military said, \u201cthe strikes were in response to Iran\u2019s attempted missile attacks on US forces in the region and \u201caimed to further diminish threats posed by Iran and its proxies to American forces, commercial shipping, and neighboring Gulf countries.\u201d<\/p>\n<p>Although Oil prices are little inspired by the renewed hostilities in the Middle East after a pause over the weekend, Gold buyers trade with caution as inflation fears persist following a 6.50% rally in the black gold a day ago.<\/p>\n<p>On Wednesday, Gold saw two-way business after the Fed decided to hold the Fed funds rate at 3.5% to 3.75%, widely expected, with an unexpected hawkish 9-3 vote in favor of such a verdict.<\/p>\n<p>The FXS Fed Sentiment Index was unchanged, moving 0.00 points to a still-hawkish level of 128.64, confirming that the statement leaves the broader policy tone firmly in tightening territory. The combination of a high FXS Fed Sentiment Index reading and an above-baseline FXS Speechtracker score suggests the Fed remains a hawkish anchor for the Dollar, even without an immediate rate move.<\/p>\n<p>However, Fed Chair Kevin Warsh\u2019s non-committal stance on further tightening raised uncertainty about whether the Fed can keep long-term inflation expectations anchored and also if a rate hike remains on the table for the September meeting.<\/p>\n<p>Markets are now pricing in roughly a 35% chance that the Fed will hold rates again in September, up from 24% seen a day before, the CME Group\u2019s FedWatch Tool shows.<\/p>\n<p>These concerns weighed heavily on the USD, fuelling a sharp correction from close to three-month highs and keeping the Gold price rebound intact.<\/p>\n<p>Looking ahead, the US advance second-quarter Gross Domestic Product (GDP, expectations around the Fed\u2019s policy outlook and Middle East geopolitical developments will continue to drive market sentiment, USD dynamics and Gold price action.<\/p>\n<p>The US economy will likely expand by 2.1% on an annualized basis in Q2 2026, at the same pace seen in the previous quarter.<\/p>\n<p>Alongside the US GDP report, Gold traders will also pay attention to the US Jobless Claims and the annual core Personal Consumption Expenditures (PCE) Price Index data.<\/p>\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-24114\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/07\/gold-chart-2026-07-30-1024x390.png\" alt=\"Gold Technical Analysis\" width=\"1024\" height=\"390\" srcset=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/07\/gold-chart-2026-07-30-1024x390.png 1024w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/07\/gold-chart-2026-07-30-300x114.png 300w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/07\/gold-chart-2026-07-30-768x292.png 768w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/07\/gold-chart-2026-07-30-1536x585.png 1536w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/07\/gold-chart-2026-07-30-18x7.png 18w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/07\/gold-chart-2026-07-30.png 1647w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n<p>In the daily chart, XAU\/USD trades at $4,053.13, maintaining a bearish near-term bias as spot holds beneath all the major simple moving averages (SMAs). The 21-day SMA at $4,073.46 forms immediate overhead resistance, while the 50-day, 100-day and 200-day SMAs at $4,193.29, $4,435.77 and $4,490.68 respectively reinforce a broader topside cap. The Relative Strength Index (14) at 46.00 sits just below neutral territory, hinting at subdued downside momentum rather than an outright oversold condition.<\/p>\n<p>On the topside, initial resistance is seen at the 21-day SMA around $4,073, followed by the 50-day SMA near $4,193. Above these, the 100-day SMA at roughly $4,436 and the 200-day SMA close to $4,491 outline a dense medium-term barrier that gold would need to reclaim to shift the technical tone. With no clearly defined nearby support levels in the dataset, any retest of recent lows would likely leave price action driven by momentum and order flow until a fresh structural base emerges.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold faces rejection once again above $4,100 in the aftermath of the Fed verdict-led volatility. The US Dollar pauses post-FOMC sell-off as the US launches fresh strikes on Iran. A daily closing above $4,100 and the RSI above 50 are needed to negate Gold\u2019s bearish outlook. Gold\u00a0is back in the red early Thursday, after failing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.maxainasia.com\/th\/daily-commentary-442-20260730\/\" class=\"more-link\">\u0e2d\u0e48\u0e32\u0e19\u0e15\u0e48\u0e2d<span class=\"screen-reader-text\"> &#8220;XAU\/USD eyes $4,000 and US GDP amid fresh US-Iran tensions&#8221;<\/span><\/a><\/p>","protected":false},"author":5,"featured_media":17233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-24113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commentary"],"_links":{"self":[{"href":"https:\/\/www.maxainasia.com\/th\/wp-json\/wp\/v2\/posts\/24113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxainasia.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxainasia.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/th\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/th\/wp-json\/wp\/v2\/comments?post=24113"}],"version-history":[{"count":2,"href":"https:\/\/www.maxainasia.com\/th\/wp-json\/wp\/v2\/posts\/24113\/revisions"}],"predecessor-version":[{"id":24116,"href":"https:\/\/www.maxainasia.com\/th\/wp-json\/wp\/v2\/posts\/24113\/revisions\/24116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/th\/wp-json\/wp\/v2\/media\/17233"}],"wp:attachment":[{"href":"https:\/\/www.maxainasia.com\/th\/wp-json\/wp\/v2\/media?parent=24113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxainasia.com\/th\/wp-json\/wp\/v2\/categories?post=24113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxainasia.com\/th\/wp-json\/wp\/v2\/tags?post=24113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}