Gold (XAUUSD) Daily Analysis – August 8, 2025

Alright folks, the daily closing for Thursday, August 7, 2025 is in, and here’s what happened. Gold (XAUUSD) made a high of around 3403, a low of 3364, and finally closed the day at 3396 with Ultra High Volume (UHV).

Now the big question is – what can we expect on Friday, August 8, 2025, which also happens to be the weekly closing day?

---

Market Structure & Volume Story

• The market structure has been clearly bullish since August 1st, 2025.
• Today’s daily closing is strong, but it’s a narrow spread candle with High Effort, Low Result.
• To me, this screams: “Smart Money selling heavily into the hands of retail buyers (the herd).”

I personally interpret this as a buying climax, a possible trap for bullish traders.

---

Volume Analysis

• On OANDA’s daily chart, today’s volume is the highest of the past 62 candles.
• And yet… the price failed to break and close above 3400.
• It merely tested the 3400 level and closed below it, which is a clear rejection.

To me, this indicates Smart Money is defending that level aggressively, and not allowing the price to go higher—at least for now.

---

Trendline & Supply Zone

• We had drawn a bullish channel in the August 6 analysis.
• Today’s candle touched the upper trendline but closed below it—a potential rejection.
• The price closed inside a major supply zone (3382–3400), identified via Fibonacci analysis earlier in the weekly outlook.

---

Bias for Tomorrow (August 8, 2025)

• If the market wants to go bullish tomorrow, the volume needs to be even greater than today—and that’s a big ask.
• Unless that happens, I don’t see price going higher.
• For now, I believe there is strong resistance above today’s high, which is acting like a wall.
• Smart Money doesn’t seem interested in taking the price above that zone yet.

So my bias is bearish until this analysis gets invalidated.

---

Expected Range for August 8, 2025

• Possible Highs:
  • Minor high: 3403–3406
  • If bulls try harder: 3420–3425
• Possible Lows:
  • Standard dip: 3370–3363
  • If bears take control: 3340–3330
  • And in case of a bearish breakout: 3316–3300 is also in reach.

---

This concludes my intraday analysis for August 8, 2025. It’s not financial advice—just me sharing my pain and passion with candlesticks.

---

TL;DR

• Strong daily close on August 7, 2025—but with narrow spread and highest volume in 62 candles.
• Price failed to close above 3400 despite the high volume—suggesting distribution or selling climax.
• Smart Money appears to be unloading positions while the crowd keeps buying.
• Unless tomorrow shows even stronger bullish volume, I’m expecting downward movement.
• Bearish target: 3340–3330, and possibly 3316–3300.

---

Disclaimer

This analysis was brought to you by a guy who’s emotionally attached to his candlestick chart.
Any resemblance to actual market moves is purely a coincidence unless I get lucky. Don’t sue me if your account cries tomorrow. Trade with your brain, not your emotions.