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Based on the daily chart of XAU/USD (Gold vs US Dollar) that you provided, here are the potential Buy and Sell Zones for today (July 1, 2025):

✅ Buy Zone (Support Area):

Zone: 3,300 – 3,310

Why: This area shows previous price rejections and bullish wicks, signaling demand and potential buying interest. Price has bounced off this level multiple times in June.

🚫 Sell Zone (Resistance Area):

Zone: 3,350 – 3,360

Why: This zone acted as a ceiling in the recent past where price was rejected multiple times. Sellers are likely to step in here again.

🧠 Quick Strategy Tip:

Buy Setup: Wait for a bullish candlestick pattern (like a pin bar or bullish engulfing) near 3,300–3,310 zone.

Sell Setup: Look for a bearish candlestick pattern near 3,350–3,360 zone.

I have mark these zones visually on the chart for gain

Summary of Market Conditions:

Gold is at a key support zone — it's vulnerable, but not broken.

Ceasefire between Israel and Iran reduced safe-haven demand (bearish for gold).

Dovish Fed tone and weak USD (bullish for gold).

Powell’s testimony later today is the key catalyst.

🔍 Technical Levels to Watch (4H Chart):
Upside (If breakout occurs):

✅ $3,378 – breakout confirmation

✅ $3,436 – short-term profit target

✅ $3,500 – macro bullish scenario if Powell is dovish

Downside (If breakdown occurs):

❗ $3,295 – must hold (current key support)

❗ $3,170 – next strong support zone if 3,295 breaks

📈 Strategic Trading Decision:

🔑 Decision: Wait for breakout or breakdown – trade the reaction.

1. If price breaks above $3,378 (after Powell):

Buy/Go Long

Target: $3,436 initially, $3,500 if momentum continues

Stop loss: Just below $3,295 to manage risk

2. If price breaks below $3,295 support:

Sell/Go Short

Target: $3,170

Stop loss: Just above $3,295 to avoid whipsaws

📌 Tip Before Powell’s Testimony:

Stay neutral and watchful until Powell speaks.

Avoid early entries — gold is in a tight coil; volatility will spike after the speech.

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