Today's Gold Outlook
FOMC Minutes in Focus as Gold’s Bearish Trend Intensifies
Daily Gold Sentiment Scan for XAUUSD (Wednesday, August 20, 2025)
Gold (XAUUSD) is trading around $3,325 USD as of August 20, 2025, 9:33 AM AEST.
Future Forecast
Daily Outlook
The daily outlook for Gold is bearish, with the price under continued pressure. This sentiment is a continuation of the trend from the monthly and weekly scans, driven by the strong US dollar and a general “risk-on” market environment. Investors are showing less demand for safe-haven assets due to de-escalating geopolitical tensions and positive developments in international trade talks. The downward momentum is strong, and while some support levels are holding, the overall bias is clearly to the downside.
Changes to Weekly Outlook
The bearish weekly outlook remains firmly in place and has been reinforced by recent market activity. Gold has broken below key support levels since the last scan, confirming the downward trajectory. The primary driver of this sustained pressure is the strengthening US dollar, which is gaining traction ahead of the Federal Reserve’s policy meeting and the upcoming Jackson Hole Symposium. Furthermore, a newly announced US-EU trade agreement has further diminished the appeal of gold as a safe-haven asset.
Immediate
Economic Events
The most significant event for today is the release of the FOMC Meeting Minutes from the July meeting. While the meeting concluded in July, the minutes will provide detailed insights into the Fed’s thought process, any dissenting opinions, and the path forward for monetary policy. Any hawkish or dovish signals will have an immediate and direct impact on the US dollar and, consequently, on the price of gold. Additionally, there will be speeches from several Fed members throughout the day, which could introduce volatility.
Price Analysis
Key Technical Levels
Based on recent price action, here are the key technical levels for XAUUSD:
Price Barriers: Resistance
$3,315
Price Floors: Support
$3,345
Trade Insights
Potential Trades
Potenital Swing Trade Positions:
Given the strong bearish sentiment and recent technical breakdown, the following potential short position is the most viable for today.
Short
Bearish Retest
This position offers a good risk/reward profile and is supported by both fundamental and technical analysis, with a clear catalyst (FOMC minutes) on the horizon.
Reason
The trade aligns with the dominant bearish trend. The price is showing a strong rejection of previous support levels, which are now acting as resistance. Furthermore, the upcoming FOMC minutes could provide a catalyst for further US dollar strength, pushing gold lower.
Time Frame
1-hour or 4-hour
Entry Level
Short entry around $3,345 if price retests this resistance level and shows a clear rejection.
Take Profit
Take Profit at $3,300
Stop Loss
Stop Loss at $3,355
