🔥 Gold (XAU/USD) Weekly Outlook | June 16–20, 2025
🧠Macro & Geopolitical Context
Israel–Iran war (Operation Rising Lion) has escalated: Israeli strikes on Iran’s nuclear and missile infrastructure on June 13, followed by Iranian missile/drone retaliation, have sharply intensified regional conflict .
The safe‑haven bid is in full swing: spot gold surged toward $3,500, breaking $3,400 last week, driven by risk‑off flows and a weaker US dollar .
🧩 Fundamental Catalysts
1. Fed dovish tilt: May CPI/PPI prints came in soft, lifting expectations for rate cuts. No change is expected at the June 18 meeting, but the Fed’s dot‑plot and Powell’s tone offer upside triggers .
2. Technical breakout: Gold has reclaimed key levels—23.6% Fibonacci (~ $3,377) now acts as support, with the next resistance zones at $3,450 → $3,500 .
3. Bank & analyst sentiment: Goldman Sachs sees potential for $3,700 by year-end; Bank of America projects a path toward $4,000/oz .
đź“Š Technical Setup & Levels
Support: $3,400; next down at $3,377 (23.6% Fibo) and $3,325 (21‑day SMA) .
Resistance: $3,450 → major barrier $3,500 (all‑time high).
Momentum: RSI around 62—leaves room for further upside .
Catalysts to Monitor
June 18 Fed meeting: Dot‑plot, Powell’s press conference.
Any Iran retaliation or widening of the conflict.
Short‑term US data: June CPI, PPI, Retail Sales (especially mid‑week).
USD strength or weakness—dollar reversal could clip gold gains.
Follow for more updates
#XAUUSD #GOLD #Goldanalysis #WeeklyAnalysis #trade
🧠Macro & Geopolitical Context
Israel–Iran war (Operation Rising Lion) has escalated: Israeli strikes on Iran’s nuclear and missile infrastructure on June 13, followed by Iranian missile/drone retaliation, have sharply intensified regional conflict .
The safe‑haven bid is in full swing: spot gold surged toward $3,500, breaking $3,400 last week, driven by risk‑off flows and a weaker US dollar .
🧩 Fundamental Catalysts
1. Fed dovish tilt: May CPI/PPI prints came in soft, lifting expectations for rate cuts. No change is expected at the June 18 meeting, but the Fed’s dot‑plot and Powell’s tone offer upside triggers .
2. Technical breakout: Gold has reclaimed key levels—23.6% Fibonacci (~ $3,377) now acts as support, with the next resistance zones at $3,450 → $3,500 .
3. Bank & analyst sentiment: Goldman Sachs sees potential for $3,700 by year-end; Bank of America projects a path toward $4,000/oz .
đź“Š Technical Setup & Levels
Support: $3,400; next down at $3,377 (23.6% Fibo) and $3,325 (21‑day SMA) .
Resistance: $3,450 → major barrier $3,500 (all‑time high).
Momentum: RSI around 62—leaves room for further upside .
Catalysts to Monitor
June 18 Fed meeting: Dot‑plot, Powell’s press conference.
Any Iran retaliation or widening of the conflict.
Short‑term US data: June CPI, PPI, Retail Sales (especially mid‑week).
USD strength or weakness—dollar reversal could clip gold gains.
Follow for more updates
#XAUUSD #GOLD #Goldanalysis #WeeklyAnalysis #trade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.