Gold Spot / U.S. Dollar
Short
Updated

Selling pressure, gold price falls below 3300

196
Plan XAU day: 24 June 2025

Related Information:!!!

Gold price (XAU/USD) maintains a heavily bearish tone during the first half of the European session and is currently trading just above the nearly two-week low reached earlier this Tuesday. News of a ceasefire between Iran and Israel has boosted investor confidence and triggered a fresh wave of global risk-on sentiment, which is seen as a key factor driving funds away from the safe-haven precious metal.

Meanwhile, the intraday decline appears largely unaffected by continued US Dollar (USD) selling, which would typically support gold prices. Mixed US PMI data and dovish comments from Federal Reserve officials have fueled speculation about a possible rate cut in July. As a result, the USD has fallen to a more than one-week low, which could offer some support to gold ahead of Fed Chair Jerome Powell’s upcoming testimony.

personal opinion:!!!

Strong selling pressure, gold price continues to be under downward pressure. War negotiation information is becoming an obstacle causing gold price to drop sharply.

Important price zone to consider : !!!

BUY point: 3304; 3293 zone

Sustainable trading to beat the market
Trade active
Exactly trend , strong decrease under 3300

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