Gold Medium Term OutlookGold is currently trending within a rising channel after rejecting the $3,439 resistance zone, which marked a new Higher High (HH). Price is respecting the ascending channel support and is now testing the 50MA. The uptrend remains intact, with a sequence of Higher Lows (HL) and Higher Highs (HH) forming within the channel.
A break and hold above $3,378 could open the path for a re-test of $3,439 and potentially $3,501. However, failure to hold the rising channel support may shift momentum bearish, with $3,303 and $3,226 as the next major downside targets.
📌 Key Levels to Watch This Week:
Resistance: $3,378 • $3,439 • $3,501
Support: $3,303 • $3,226 • $3,171
🧠 Fundamental Insight:
Gold remains supported amid rising geopolitical tensions. Over the weekend, U.S. airstrikes targeted Iranian nuclear sites, escalating concerns over a broader conflict in the Middle East. This has reignited safe-haven demand, with gold catching a bid despite recent technical pullbacks.
Meanwhile, traders are weighing softer U.S. inflation signals against the Fed’s cautious stance. If tensions persist and economic data weakens, gold could benefit from both risk-off flows and increased speculation around potential rate cuts.
XAUUSD trade ideas
XAUUSD Technical Analysis – June 24, 2025On June 24, 2025, XAUUSD (spot gold) continues to face significant bearish pressure after failing to hold above the key resistance zone around 3,383 – 3,400 USD/oz. This area marks a confluence of the 0.5–0.618 Fibonacci retracement levels and a high-volume distribution zone, signaling strong supply dominance in the short term.
Technical Structure and Fibonacci Analysis
- The recent swing high was established at 3,451 USD, completing a bullish wave from the low of 3,223 USD.
- Price was unable to break through the 0.618 Fibonacci retracement at 3,399 USD, leading to a sharp pullback.
- The current structure suggests the formation of a potential head and shoulders pattern, which would confirm if the market breaks below the 3,300 USD support zone.
Key Support and Resistance Levels
- Major resistance: 3,383 – 3,400 USD (Fibonacci 0.5–0.618 zone, high-volume area)
- Immediate support: 3,300 – 3,310 USD (historical reaction zone and 0.618 retracement of the recent bullish leg)
- Deeper support: 3,223 USD – previous swing low and a key target if the bearish trend confirms
Potential Scenarios
- Bearish scenario: If the price sustains below 3,350 USD and decisively breaks 3,300 USD, it may signal the start of a medium-term downtrend, with targets near 3,200 USD or even lower.
- Bullish scenario: A bounce from the 3,300 USD support could trigger a short-term recovery, but traders should closely watch the reaction near the 3,383 – 3,400 USD resistance zone to assess supply pressure.
RSI and Momentum Indicators
- The 14-period RSI is trading below the 50 level and pointing downward, indicating that bearish momentum remains dominant.
- The RSI has also crossed below its moving average, reinforcing the negative outlook.
Ps: XAUUSD is currently in a critical phase as it tests the 3,300 USD support level. A break below this level could confirm further downside and strengthen the bearish trend. Traders are advised to remain cautious, wait for clear price action confirmation, and apply strict risk management as volatility increases.
Gold price trend and market analysis
Gold price performance
Spot gold remained stable at $3,368.68/oz on Friday (June 21), the lowest level since June 12, and fell 1.8% this week. The settlement price of U.S. gold futures fell 0.7% to $3,385.70/oz.
Geopolitical factors
The market is concerned about the development of the situation in the Middle East. The U.S. government postponed its decision on whether to intervene in the Israel-Iran conflict and said it might support a ceasefire "depending on the situation." At the same time, the U.S. Treasury Department announced sanctions on Iranian-related entities and individuals, further exacerbating geopolitical tensions.
Federal Reserve policy impact
The Federal Reserve kept interest rates unchanged this week, but the dot plot showed that policymakers had differences on the path of rate cuts:
Seven officials supported maintaining interest rates until the end of the year;
The remaining 12 officials predicted 1-3 rate cuts (25 basis points each time) in 2025, with a median of two rate cuts.
Some officials believe that the trend of inflation falling is good, but tariff policies may bring uncertainty and need to adjust policies with caution.
Economic data and market expectations
The U.S. leading economic indicators fell for the sixth consecutive month in May, triggering a recession signal, but the agency expects the economy to grow moderately in 2025 (GDP growth rate of 1.6%).
A survey by the World Gold Council showed that central banks have strong demand for gold purchases, and 95% of respondents expect central banks to continue to increase their gold holdings in the next 12 months.
Institutional views
UBS: Central bank demand, political risks and a weak dollar support gold prices, with a target price of $3,500/ounce at the end of the year.
Citi: Gold prices are expected to fall back to $2,500-2,700/ounce in the second half of 2026 due to weakening investment demand and adjustments to the Fed's policies.
Technical analysis
Gold prices may test the daily Bollinger Band middle track support level of $3,330/ounce next week.
Focus next week
The development of the situation in the Middle East and Iran's response to sanctions;
Speech by Fed officials and changes in policy expectations;
Economic data verifies recession signals.
Gold Price Analysis June 24Quite a surprise with a price gap down at the beginning of the day. A sweep to 3333 and a recovery to increase again in the Tokyo trading session.
This recovery to increase completely breaks the market's bullish wave structure.
3363 and 3335 are being watched in the Asian and European trading sessions today. This zone can be traded short-term in the sideways range. The SELL zone pays attention to the opening gap at 3368.
The upper range has some adjustments compared to yesterday in the direction of decreasing prices, so the SELL range 3386 and 3410 is being watched for trading. Support is still held as yesterday at the 3322 and 3296 zones.
XAUUSD Technical Outlook – Rebound or Trap?1. Market Overview
After a sharp rejection near the 0.618 Fibonacci level, XAUUSD has pulled back and is now trading around 3,323 USD. Although price has stabilized somewhat, technical indicators suggest this is likely a corrective move within a prevailing downtrend.
2. Technical Analysis
Price Action
XAUUSD is currently hovering near 3,323 USD after a failed attempt to break above the resistance zone at 3,373–3,392 USD — an area marked by:
The 0.618 Fibonacci retracement from the recent downtrend
Repeated historical rejections.
The upper boundary of a sideways consolidation range from early June.
Recent candlesticks show indecision and rejection from higher levels, suggesting sellers are still in control.
Support Zone Behavior
The price recently bounced from the 3,294–3,317 USD range, where strong historical support and the 0.382 Fibonacci level align.
This zone continues to hold, but if broken, could open the door to deeper declines toward the 3,250 or even 3,224 USD levels.
RSI Indicator
RSI remains flat around the neutral zone, indicating a lack of bullish momentum.
No significant divergence or breakout signals are currently visible on the daily RSI chart.
3. Key Technical Levels
Resistance:
3,373 – 3,392 USD: Confluence resistance zone (0.618 Fib + historical supply).
3,435 – 3,453 USD: Previous swing high – key medium-term benchmark
Support:
3,294 – 3,317 USD: Immediate support, holding for now.
3,250 – 3,224 USD: Potential next target zone if bearish pressure resumes.
4. Trade Setup Scenarios.
Scenario 1 – Buy if support holds and bullish confirmation appears
Entry: 3,295 – 3,305 USD.
Stop-loss: Below 3,289 USD.
Take-profit: 3,340 – 3,355 – 3,370 USD.
Condition: Look for bullish reversal patterns (e.g., Bullish Engulfing, Pin Bar) on H1–H4.
Scenario 2 – Sell on rejection from resistance zone
Entry: 3,370 – 3,375 USD.
Stop-loss: Above 3,392 USD.
Take-profit: 3,330 – 3,310 – 3,290 USD.
Condition: Clear bearish rejection candlestick with diminishing volume
Note:
XAUUSD remains in a vulnerable state. The current move may be a technical rebound rather than a true reversal. Traders should watch closely how price behaves around the 3,373–3,392 USD zone in the coming sessions. A breakout could signal a new bullish leg, while another rejection would likely confirm a continuation of the bearish trend.
Gold:bullish wedge inside a rising channel-double trap for bearsInside the major upward channel, gold formed a falling wedge — and, of course, faked a breakdown. But the move reversed quickly: price reclaimed the wedge, surged on volume, and held above the key 3363–3368 area. This isn't just a bounce — it's a structural reclaim in line with the broader trend.
Price is now in the upper part of the rising channel and has broken a local downtrend line, reinforcing the bullish signal. Consolidation around 3380–3395 might be the last pause before acceleration. Above that lies a volume gap — no resistance until 3452.
MACD is flipping bullish, RSI turning upward, and volume confirms smart money presence. Classic: trap below, breakout above. As long as 3363 holds — longs remain in control.
XAUUSD – Selling Pressure Intensifies, the 3,300 USD 1. Overall Technical Context
The XAUUSD daily chart shows that gold is under bearish pressure after failing to break the key confluence resistance at 3,385–3,399 USD, which includes:
- Fibonacci retracement levels 0.5 – 0.618
- A strong supply zone that has been repeatedly rejected
- A minor swing high formed near 3,451 USD
2. Recent Price Behavior
Price has broken below the short-term support at 3,331 USD and is now retesting the Key Lever zone around 3,300 USD, which is a confluence of:
- Previous June swing low
- Fibonacci 0.618 retracement of the latest upward move from 3,221 to 3,451
- A key previous support zone, potentially forming the right shoulder of a head and shoulders structure
If this zone breaks decisively, XAUUSD may continue falling toward the 3,270 – 3,250 USD area, where strong liquidity was previously found.
Key Technical Zones
Resistance:
3,385 – 3,399: Fibo 0.5–0.618 zone and recent swing high
3,435 – 3,451: Major swing high and starting point of the latest correction
Support:
3,300 – 3,320 (Key Lever): Major support currently being tested
3,271 – 3,250: Next support if the current zone fails
Suggested Trading Scenarios
Scenario 1 – Buy on Confirmation at Key Lever
Entry: 3,300 – 3,297 (Key Lever zone)
Stop-loss: Below 3,292
Take-profit: 3,310 – 3,315 – 3,320
Condition: Wait for a clear reversal candlestick pattern or signs of selling absorption on H4/H1
Scenario 2 – Sell if Price Breaks Below Key Lever
Entry: Below 3,290 (after clear break of Key Lever)
Stop-loss: Above 3,298
Take-profit: 3,280 – 3,270
P.S. XAUUSD is currently sitting at a decisive support area around 3,300 USD. The medium-term trend will depend on whether this zone holds. Traders are advised to closely watch price action on the H1–H4 timeframes before executing entries.
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Analyst: @Henrybillion
Live Trading Analysis: Gold (XAUUSD), GBP/USD, & USD/JPY. DailyJoin CresserRiba for an in-depth daily technical analysis of the most traded currency pairs and commodities: Gold (XAUUSD), GBP/USD, and USD/JPY. In this video, CresserRiba breaks down key price levels, identifies potential trade setups, and discusses critical market drivers influencing these instruments.
Whether you're a seasoned trader or just starting out, this analysis provides valuable insights into current market trends, support and resistance zones, and potential entry/exit points. Learn how to interpret chart patterns, understand the impact of economic news, and develop a well-informed trading strategy for XAUUSD, GBPUSD, and USDJPY.
The downward trend is strong.The easing of the situation in the Middle East weakens the demand for safe havens
The direct trigger for the decline in gold prices was the news that Israel and Iran announced a ceasefire. This news quickly cooled the market's risk aversion, and the attractiveness of gold as a traditional safe-haven asset weakened. In the past few weeks, the military confrontation between Israel and Iran once pushed up the safe-haven buying of gold, but with the conclusion of the ceasefire agreement, the market quickly turned to risk preference mode, global stock markets rose, and the US dollar fell. This change in market sentiment directly led to the decline in gold prices.
This decline will still intensify, pay attention to your trading orders, I will continue to update this article, I wish you a smooth trading.
XAUUSD poised for a rebound?Gold (XAUUSD) is currently trading around the 3,327 level after breaking below a short-term ascending trendline that started in mid-May. While this break might suggest a potential bearish reversal, from a technical standpoint, it could simply be a corrective move within a larger bullish structure.
The current price pattern appears to be forming a classic ABC correction.
If the support zone around 3,320–3,325 holds, there’s a strong possibility that price will rebound toward the 3,400–3,480 region in the coming sessions.
This area is not only a technical support but also a previous demand zone where buyers stepped in aggressively. Close attention should be paid to any bullish price action signals here. A reversal candlestick or a volume spike could serve as confirmation for a rebound setup.
A potential trade idea is to consider a long position around 3,320–3,325, with a stop loss below 3,308.
First target is set at 3,400, and an extended target at 3,480 if bullish momentum continues. Conversely, if the price closes below 3,308 with strong volume, the bearish scenario will gain ground, potentially dragging price down to the 3,280–3,231 support area.
The setup remains open, and clear confirmation is needed. Patience is key—wait for solid signals before committing to a position.
Gold shorts point to 3245
Gold market analysis: Short-term dominant pattern established, rebound high-altitude main tone
Market review and driving factors
Spot gold fell sharply, with a single-day drop of more than 2%, hitting a low of $3295/ounce (a new low since June 9), and finally closed at around $3322. The decline was mainly driven by two factors:
Geopolitical risks cool down: Iran and Israel reach a ceasefire agreement, and market risk aversion demand weakens;
Fed hawkish expectations strengthen: Powell reiterates cautious interest rate cut stance, and the strengthening of the US dollar suppresses gold prices.
Technical analysis: Short-term dominant, rebound under pressure
1. Daily level: Big Yin breaks, strong short momentum
K-line pattern: The daily line closes with a real big Yin line, confirming the short-term short trend, and the price falls below the shock low of the previous two weeks.
Key support: $3295 (yesterday's low) is the last line of defense for bulls. If it is lost, it may further explore the 3280-3270 area.
Resistance level:
3340-3347 USD (top and bottom conversion position + hourly moving average suppression);
3370 USD (yesterday's high point, strong resistance).
2. 4-hour level: oscillating down, limited rebound
Disk pattern: Yesterday showed an oscillating downward rhythm of "Asia session down → rebound → European session continued to fall → US session bottomed out and rebounded", which is in line with the technical correction expectations.
Moving average system: MA5/MA10 dead cross downward, 3340-3347 area constitutes short-term rebound suppression.
MACD indicator: Dead cross with large volume, but the fast and slow lines are close to the oversold area, so be alert to short-term rebound correction.
Trading strategy: rebound high and empty
Short order strategy (main idea):
Entry range: 3342-3347 USD;
Stop loss: 3355 USD (short order invalid if it breaks through);
Target: 3310→3295 (if it breaks through, look at 3280).
Logic: 3347 is the resistance level after the previous low is broken. Combined with the moving average pressure, the rebound to this point can be regarded as an ideal short-selling point.
Long order strategy (short-term rebound):
Prerequisite: If the Asian and European sessions first fall back to 3300-3295 without breaking, you can try long with a light position;
Stop loss: 3288 US dollars;
Target: 3320-3330 (quick in and out).
Key risk reminder
Upward risk: If Powell's speech unexpectedly turns dovish, or the geopolitical situation changes again, the gold price may break through 3355 and rebound to 3370.
Downward risk: If 3295 is lost, it will accelerate the decline to the 3280-3270 support area, and even test the 3250 mark.
Conclusion and operation suggestions
Overall tone: Under the pressure of the big negative line on the daily line, rebound shorting is still the main strategy, focusing on the pressure near 3347.
Asia-Europe session: If it rebounds above 3340 first, short orders can be arranged in batches; if it directly breaks below 3295, short orders can be followed.
US session: Pay attention to Powell's speech and US economic data, and be alert to the intensification of market volatility.
Trading Strategy (XAUUSD) – June 25, 2025 After a sharp decline in the previous session, XAUUSD has shown a mild recovery and is currently trading around 3,332 USD. However, price action suggests this could merely be a pullback within a broader downtrend, as gold has yet to break above the key resistance zone.
Technical Analysis
Price Action
Gold has bounced from the support zone between 3,291 – 3,317 USD, which has historically acted as a strong demand area. This zone also aligns with the Fibonacci 0.382 retracement from the previous bullish leg.
However, XAUUSD remains below the key resistance zone at 3,373 – 3,392 USD, which is a confluence of:
- The Fibonacci 0.618 retracement from the most recent downtrend
- A historical supply zone that has been rejected multiple times
- The upper boundary of the sideways range formed since May
- If price fails to break through this zone in the coming sessions, the risk of continued downside remains high.
RSI Indicator
- The RSI (14) is currently hovering around the neutral zone (49–54), indicating that the rebound lacks the strength needed to confirm a trend reversal.
- The RSI has not crossed above the 55 threshold, suggesting the dominant trend is still bearish.
Key Technical Levels to Watch
Resistance:
- 3,373 – 3,392 USD: Confluent resistance zone (Fibonacci 0.618 + prior supply zone)
- 3,435 – 3,452 USD: Major swing high, a key medium-term reference level
Support:
- 3,291 – 3,317 USD: Immediate support zone, still holding strong
- 3,250 – 3,224 USD: Potential downside target if the bearish momentum resumes
Suggested Trade Setups
Scenario 1 – Buy if price holds above 3,291 and shows confirmation signals
Entry: 3,295 – 3,300 USD
Stop-loss: Below 3,289 USD
Take-profit: 3,340 – 3,355 – 3,370 USD
Conditions: Must show clear bullish reversal patterns (Pin Bar, Bullish Engulfing) on H1 or H4 timeframe
Scenario 2 – Sell if price rejects from resistance zone with confirmation candle
Entry: 3,370 – 3,375 USD
Stop-loss: Above 3,392 USD
Take-profit: 3,330 – 3,310 – 3,290 USD
Conditions: Clear bearish rejection candle + declining volume
Note: XAUUSD is currently in a technical rebound phase after a strong drop but lacks solid reversal confirmation. Traders should closely monitor the price reaction near the 3,373 – 3,392 USD resistance zone over the next sessions. This area will determine whether the downtrend will resume or a reversal begins.
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Strategy analysis by @Henrybillion
XAUUSD:Sharing of the Latest Trading StrategyAll the trading signals today have resulted in profits!!! Check it!!!👉👉👉
Following Trump’s announcement of a comprehensive ceasefire agreement between Israel and Iran, market risk aversion has significantly subsided, with gold prices plunging over $50 at one point. Internal Fed divergence on rate cuts has intensified: if Powell signals limited rate cuts this year, it may strengthen the dollar and suppress gold; conversely, a dovish stance could ease downward pressure on gold prices.
Short-term drivers: The retreat of geopolitical risks and rising risk appetite are the main causes of gold’s decline, while a weakening dollar and potential Fed dovishness still provide support.
Medium-to-long term: Global economic uncertainties, geopolitical risks, and expectations of Fed easing policies continue to form structural support for gold.
Technical Analysis:Bull-bear forces are relatively balanced.Key resistance: Near 3345,Support zone: Focus on 3285–3290.
Trading Strategy:
Adopt a buy-on-dip approach on pullbacks.
buy@3285-3290
TP:3320-3330
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