Gold price recovers 3310, accumulates Monday

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Plan XAU day: 30 June 2025

Related Information:!!!

Gold prices (XAU/USD) regained some lost ground during the early European trading hours on Monday. Increasing expectations that the US Federal Reserve (Fed) will implement additional interest rate cuts this year—and potentially sooner than previously anticipated—may weigh on the US Dollar and, in turn, provide support for the USD-denominated commodity, as a weaker dollar makes gold more affordable for foreign investors.

However, improved risk sentiment stemming from the US-China trade agreement, as well as the ceasefire reached between Israel and Iran, may reduce the appeal of gold as a traditional safe-haven asset. Market participants now turn their attention to upcoming remarks from Federal Reserve officials later on Monday, with scheduled speeches from Atlanta Fed President Raphael Bostic and Chicago Fed President Austan Goolsbee.

personal opinion:!!!

Gold price recovers to gain liquidity at the beginning of the week, using fibonacci to find potential resistance: 3310

Important price zone to consider : !!!

SELL point: 3310 zone

Sustainable trading to beat the market

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