Forex, Gold Market Analysis 3/7/25

 

Technical Market Analysis: Trading Hotspots for Gold, NZDCAD, GBPNZD, CADJPY 

Today, we'll "dissect" the H4, H1, and M15 charts of Gold (XAUUSD) along with the currency pairs NZDCAD, GBPNZD, and CADJPY to pinpoint the most promising trading opportunities.

Important Note: All analyses below are based on chart data as of the current time (July 3, 2025) and are for reference purposes only. Markets are inherently volatile and carry risk. Always practice strict risk management before making any trading decisions.

1. Gold (XAUUSD): Intense Tug-of-War at Crucial Levels

Gold is showing an interesting battle between buyers and sellers across multiple timeframes, creating a somewhat complex picture.

Overview (H4): XAUUSD is in a broad consolidation phase after correcting from its 3500 peak. The current price is fluctuating around 3310.24, a significant pivot point. A decisive breakout from this range is needed to confirm the next major trend.

Detail (M15): After a short-term rally, the price is correcting and has pulled back from a minor peak. The 3345.68 level is being tested and could act as resistance.

Trading Opportunities:

Sell : If Gold breaks below 3340-3345 (on M15) and bearish pressure on H4 is confirmed.

Buy : If Gold finds strong support and breaks above 3360-3370 (on M15) with bullish signals on H4.

Conclusion: Gold is at a decisive point. Close observation of price action at key support/resistance zones is crucial.

2. New Zealand Dollar / Canadian Dollar (NZDCAD): Downtrend Prevails

The NZDCAD pair on the M15 timeframe shows a clear downtrend structure, creating opportunities for trend-following short positions.

Analysis (M15): Price has successfully broken a significant support zone and is continuing its downward momentum.

Sell Setup (as per image): A sell position appears to have been triggered around 0.82763.

Stop Loss (SL): ~0.82912.

Target (TP): ~0.82232.

Risk/Reward (R:R): An impressive 3.56:1.

Opportunity: For those not yet in the trade, consider waiting for a pullback to retest the broken support (now resistance) zone around 0.82763 for a better entry point.

Recommendation: Manage your open trades tightly. This is a potential trend-following trade.

3. British Pound / New Zealand Dollar (GBPNZD): Selling Pressure at Resistance

GBPNZD on the H1 timeframe is showing signs of weakness after being rejected at higher resistance levels.

Analysis (H1): After a consolidation phase, GBPNZD is declining and testing support levels. Price seems to have been rejected from an overhead resistance zone.

Sell Setup (as per image): A sell order was triggered around 2.24701.

Stop Loss (SL): ~2.25034.

Target (TP): ~2.21297.

Risk/Reward (R:R): Very attractive at 4.04:1.

Opportunity: If price continues to hold below 2.25034 and breaks lower supports, this could be a successful short trade.

Recommendation: With such a high R:R, strict adherence to your trading plan is paramount to protect potential profits.

4. Canadian Dollar / Japanese Yen (CADJPY): Strong Recovery, Potential for Further Gains

Analysis (M15): After a period of decline, CADJPY has bounced back strongly and broken a resistance zone. A short-term uptrend is forming.

Buy Setup (as per image): A buy order was established around 105.700.

Stop Loss (SL): ~105.453.

Target (TP): ~106.000.

Risk/Reward (R:R): Decent at ~2.17:1.

Opportunity: If price firmly holds above 105.700, the short-term uptrend could continue, targeting 106.000.

Recommendation: Closely monitor price to ensure it holds above the broken support for continued buying opportunities.

Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Trading in financial markets carries substantial risk, and you could lose all your invested capital. Always consult with a qualified financial professional before making any investment decisions. The author and platform are not responsible for any losses incurred from using the information in this article.