Day: August 6, 2025

📈 XAU/USD Intraday Market Outlook – August 6, 2025 Provided by MJ Forex Academy Gold tested and rejected the key resistance level at $3,392 yesterday, confirming a strong supply reaction at that zone. For today, the market remains in a consolidation range with clearly defined supply and demand zones, creating both short and long trade opportunities depending on price behavior at key levels. 🔍 Key Levels & Bias 🟧 Supply / Short Zone: $3,380 – $3,375: Intraday resistance zone and ideal area to look for short setups. Multiple rejections from here would confirm selling pressure. 🔺 Bullish Breakout Trigger: Above $3,393: A clean break and hold above this level can trigger further bullish continuation toward $3,430. 🟩 Demand / Buy Zone: $3,345 – $3,330: Intraday support levels. Look for bullish setups if price reacts positively in this zone. 🔻 Bearish Breakdown Trigger: Below $3,330: A break below this level would open downside targets at $3,310, $3,300, and potentially $3,270. ⚠️ Risk Management & Disclaimer – MJ Forex Academy Trading financial markets involves high risk, and past performance is not indicative of future results. The above analysis is shared strictly for educational purposes only. Always use proper risk management, define your stop-loss, and never risk more than 1-2% of your capital per trade. MJ Forex Academy does not provide any investment advice. All trade decisions should be based on your own research and trading plan.

Day: August 6, 2025

📈 XAU/USD Intraday Market Outlook – August 6, 2025

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