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BTCC / BTCC Square / Global Cryptocurrency /
Gold Shows Bullish Momentum with $3,440 Target Amid USD Weakness

Gold Shows Bullish Momentum with $3,440 Target Amid USD Weakness

Author:
Global Cryptocurrency
Published:
2025-07-21 14:58:02
20
3
BTCCSquare news:

Gold (XAUUSD) has shifted decisively into bullish territory after breaching the critical $3,357 pivot, now eyeing $3,440 as weaker U.S. economic data pressures the dollar. Jobless claims exceeding expectations (228K vs. 221K) and a soft Manufacturing PMI (52.7 vs. 52.9) have fueled bets on Fed easing, enhancing gold's appeal as both a SAFE haven and inflation hedge.

The metal's weekly trajectory hinges on upcoming Flash Services PMI data, with sustained USD weakness likely to propel prices higher. Traders are advised to monitor $3,357 as a key support level, while institutional flows suggest growing allocation to hard assets amid macroeconomic uncertainty.

|Square

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