XAU/USD ICT – August 7, 2025

Market Snapshot

Gold (XAU/USD) is currently trading around $3,378.59, slightly higher than the previous day, indicating a range-bound consolidation after recent volatility. Price continues to respect the major horizontal levels, especially the $3,380 resistance and $3,358 support zones.

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Smart Money Structure

The market formed a sweep of the previous day’s low (PDL) at $3,358.24 followed by a strong rally.
Price action respected the New York PM session demand zone, leading to bullish order flow into the Asian range.
We now see a re-test of the Asian range high and signs of short-term distribution just under the key $3,380 level.

Session Outlook

Asian Session: The price consolidated in a tight range below $3,380 after rejecting the top.
London Session: A small bullish attempt, still under the $3,380 resistance.
New York Session Outlook: Anticipate increased volatility. A break above $3,380 could trigger buy stops; failure to break may offer a reversal setup back to $3,370 and below.

Market Drivers & News Outlook

No major economic releases today. Focus remains on:
- U.S. Dollar Index movement
- Treasury yields
- Market anticipation ahead of Thursday’s CPI release
Lack of news creates a technically driven day; watch liquidity pools around previous highs/lows.

Trade Plans

Scenario 1 – Breakout & Continuation:

If price breaks above $3,380 with strong momentum during NY session, look for bullish continuation to $3,392–$3,396 zone.
Entry on 5m FVG or breaker after the breakout candle closes above $3,380.
SL below the last swing low; TP1: $3,388, TP2: $3,392.

Scenario 2 – Rejection & Sell-off:

If NY opens with rejection at $3,380, a reversal to fill inefficiencies to $3,370 or $3,365 is likely.
Entry at bearish breaker / order block around $3,378–$3,380.
SL above $3,383; TP1: $3,370, TP2: $3,365.

Final Bias – ICT Narrative

The market shows signs of accumulation below $3,380 with price respecting the New York PM demand. Smart money could engineer a run above $3,380 to trigger liquidity before a drop back into discount levels. Watch for buy-side liquidity sweep followed by displacement.

Maintain flexibility depending on NY Open reaction to $3,380, but bias is slightly bearish unless a clean break and continuation above this level occurs.