Gold Price Struggles at Key Support Zone

32
Technical Analysis – Data as of June 25–26, 2025
In the latest trading sessions, XAUUSD continues to move within a narrow range, reflecting a cautious market sentiment awaiting clearer signals. The daily chart shows price hovering around the 3,341 USD level — aligning with the 0.618 Fibonacci retracement and intersecting key descending trendlines and previous correction zones.
1. Notable Price Action:
Gold has bounced slightly from the 3,294 USD support and retested the 3,360–3,365 USD resistance but failed to break through.

Small-bodied candles with long wicks indicate indecision, suggesting that neither buyers nor sellers have a clear upper hand.

The descending trendline (blue line) is acting as a significant resistance barrier, with each bullish attempt being rejected.
snapshot

2. Key Support and Resistance Levels:
Immediate Support: 3,294 – 3,296 USD
Nearby Resistance: 3,360 – 3,365 USD
Crucial Breakout Zone: 3,382 – 3,394 USD (Fibonacci 0.618 – 0.786 of the latest downleg)

3. Short-Term Trading Strategy:
If XAUUSD maintains support above 3,294 USD, a short-term technical rebound toward 3,360 – 3,394 USD is possible.

However, a clean break below 3,294 with strong volume could trigger further downside momentum, potentially targeting 3,265 USD or even 3,221 USD.

4. Overall Outlook:
The market is currently in a state of uncertainty, with neither side showing dominance. Traders are advised to wait for a decisive breakout in either direction before entering new positions. Breakout trading strategies with volume confirmation should be prioritized in this phase.

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.