wp-emoji-styles => 
wp-block-library => /wp-includes/css/dist/block-library/style.min.css
classic-theme-styles => 
global-styles => 
wp-pagenavi => https://www.startrader.com/wp-content/plugins/wp-pagenavi/pagenavi-css.css
addtoany => https://www.startrader.com/wp-content/plugins/add-to-any/addtoany.min.css
jquery => 
addtoany-core => https://static.addtoany.com/menu/page.js
addtoany-jquery => https://www.startrader.com/wp-content/plugins/add-to-any/addtoany.min.js
Icon close

The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

Today Technical Analysis: Gold Drops 0.7% Reaching Major Support Level At $3,310

July 29, 2025, 07:07
Gold Drops 0.7% Reaching Major Support Level At $3,310

EURUSD Technical Analysis

A clear trend reversal is seen on EURUSD after reaching the recent high near 1.1790 Price dropped sharply below support levels rapidly in the last few hours indicating a strong selling pressure.

All three moving averages MA(5), MA(10), and MA(30) are sloping downward, confirming bearish momentum. The pair is also trading well below all three moving averages, showing weakness.

MACD fell strongly below the zero line.

A break below 1.1556 could cause more declines  toward 1.1500 or lower. Buyers need to reclaim 1.1650–1.1680 levels to reverse the downtrend.

EURUSD 4H Chart

EURUSD 4H Chart 29-7-2025
Resistance1.16001.16251.1664
Support1.15571.15211.1475


Ethereum Technical Analysis

Ethereum is experiencing a short-term correction within a strong uptrend. The recent pullback found temporary support near the 10-period and 30-period moving average. This price action is considered typical of profit-taking after a strong bullish leg.

The price is still above 30 MA, which acts as dynamic support.

Abearish crossover just occurred on MACD, suggesting a short-term weakness or consolidation phase.

Watch for support around $3,750–$3,780 zone. If price holds and MACD flattens, a second bullish wave toward $3,950+ is possible.

However, a break below $3,750 may open the door for a deeper correction toward $3,650

Ethereum Technical Analysis 29-7-2025

ETHUSD 4H Chart

Resistance$3,862$3,889$3,940
Support$3,734$3,679$3,603


Gold Technical Analysis

Gold is experiencing bearish movement on the 4H chart. After reaching a high of $3,438, price dropped significantly. The low of $3,282 acted as a support level.

Price is currently testing the dynamic resistance level of the 10-period moving average, which is sloping downward.

MACD is in negative territory, supporting the current  bearish momentum.

Gold remaions under selling pressure. A break above $3,345–$3,350 is needed to consider trend reversal upward. Until then, we might see retests of $3,280 or lower if bearish momentum continues.

Gold (XAUUSD) 4H Chart

Gold (XAUUSD) 4H Chart 29-7-2025
Resistance$3,344$3,362$3,378
Support$3,301$3,282$3,245
Open Live Account

Start trading with A globally leading broker

Want to start trading?

STARTRADER

Online Trading App

Online App Score
Install
Customer Service
Customer Service
Customer Service
Customer Service