Citigroup predicts a decline in gold prices? Blacklisted?Information summary:
Citigroup analysts predict that by the second half of 2026, gold will fall back to around $2,500-2,700, with a significant reduction in investment demand, improved global economic growth prospects, and a decline in the factors that led to the rise in gold prices due to the Fed's interest rate cut.
My point of view is: blacklist Citigroup. Since last year, they have predicted that the highest point of gold prices will exceed $4,000, and they have constantly changed the forecast point in the middle, and now they even point out that the price will fall below $3,000, which is completely unreliable.
Market analysis:
In the early Asian session, it also rose strongly, and it seems that there is a lot of upward momentum, but $3,405 is the pressure position for the top and bottom conversion, and the rise in the morning is a lure. At this position, it fell rapidly, reaching a minimum of around $3,373.
The Asian market seemed to rebound strongly in the morning, but the MA5 and MA10 moving averages showed a downward trend. This kind of market cannot wait for a decline to go long, but it is also a repeated wash-out shock. The first focus below is the 3375-3370 area, followed by 3360. The short-term trend is still dominated by wash-out shocks.
The short-term important focus position is around 3405. 3405 is used as the dividing point between long and short positions. A short-selling strategy is carried out near this position. Pay attention to the 3375-3360 area below.
Goldinvesting
GOLD/USD – Bullish Reversal Pattern FormingGOLD/USD – Bullish Reversal Pattern Forming 🟢📈
📊 Chart Analysis:
The chart shows a strong Inverse Head and Shoulders pattern forming, which is a classic bullish reversal signal:
🔹 Left Shoulder and Right Shoulder – Marked with orange circles, both found support near the 3,263 level (purple line), suggesting strong buying interest at this zone.
🔹 Head – The lowest point in between the shoulders, also bouncing from support.
🔹 Resistance Zone – Marked with red arrows around 3,500–3,520. This zone has rejected price action multiple times in the past.
🔹 Support Zone – Marked below 3,200, where previous consolidation and buying took place.
📈 Projected Move:
The neckline breakout suggests a potential move toward the 3,520+ level. A minor pullback is expected before continuation. If price breaks above resistance, we could see a strong bullish rally.
📌 Key Levels:
Support: 3,263 🟩
Resistance: 3,500–3,520 🟥
Potential Target After Breakout: 3,550+ 🎯
✅ Bias: Bullish above 3,263 support
⚠️ Invalidation: A break below the neckline would cancel the bullish setup
Is gold a short-term correction or a bull market turning point?Market news:
The London gold price has experienced a significant correction after hitting an eight-week high. Spot gold fell more than 1% on Monday, wiping out all the gains of last Friday. However, the escalation of geopolitical tensions in the Middle East, especially the continued conflict between Israel and Iran, still provides support for international gold prices. The upcoming Federal Reserve policy meeting has become the focus of market attention.The continued tension in the Middle East is an important driving factor for the recent fluctuations in spot gold. The conflict between Israel and Iran has escalated significantly since June 12. Israel's air strikes on the Iranian National Radio and Television Building and the Natanz uranium enrichment plant have caused serious damage to Iran's nuclear facilities. In addition to geopolitical factors, the policy trends of the Federal Reserve also have an important impact on international gold.For gold, the Federal Reserve's maintenance of high interest rates usually puts pressure on its price, because gold, as an interest-free asset, is less attractive in a high-interest rate environment. However, geopolitical risks and rising inflation expectations may offset some of the negative impacts, causing gold prices to remain volatile in the short term. Investors should pay close attention to the latest developments in the situation between Israel and Iran, the results of the G7 summit, and the Federal Reserve's economic forecasts, while being wary of the short-term impact of market sentiment and technical factors on gold prices. The monthly rate of US retail sales (commonly known as "horror data") will also be released on this trading day, and investors also need to pay close attention!
Technical review:
Technically, the daily price of gold is still running above the MA10/7-day moving average at 3364, the RSI indicator is above the value of the middle axis 50, and the price is running in the upper track of the Bollinger Band channel. The short-term four-hour chart MA10/7-day moving average high 3420 dead cross opens downward, the price pulls back to the middle track of the Bollinger Band, and the RSI indicator retreats to the middle axis. The short-term formation is a bearish shock and fall, but the gold price is still in the buying structure channel on the daily and weekly charts. The main idea of today's trading is to sell at a high price and buy at a low price! Gold began to pull back when the situation eased. The fermentation of this round of news was relatively restrained by large funds, and did not test the high point of 3500 upwards. Overall, the increase in gold prices was not large, and there was still a process of pulling. The fundamentals have not changed, and gold is still in a bull market. As we said before, if we keep above the key point of 3400, gold will continue to be bought. Now that it has fallen below 3400, the short-term has gone out of the small-level top, and the market is no longer so strong. For our short-term operations, the short-term correction of gold prices should focus on the daily cycle MA5 support and the weekly level MA5 support to buy!
Today's analysis:
Gold continues to weaken in the short term. After the rapid decline last night, the rebound strength is not strong at all. It is obvious that there is a large selling pressure above. For the market that broke the original upward trend, we also said last night that the decline is not very large. It just changed from buying to shock. Our intraday operations can be sold in the short term first!Although gold has fallen below 3400, the short-term direction has changed, but the general direction has not changed. It is still buying. In the future, we still have the opportunity to look at the high point of 3500, but we have to wait for the bottom to stabilize before we go to buy the bottom. I will say later that in the current market, we can only follow the trend. We will do whatever the market goes!
Operation ideas:
Buy short-term gold at 3383-3385, stop loss at 3372, target at 3420-3440;
Sell short-term gold at 3420-3423, stop loss at 3432, target at 3390-3370;
Key points:
First support level: 3383, second support level: 3372, third support level: 3353
First resistance level: 3418, second resistance level: 3430, third resistance level: 3450
Gold is weak, and there may be a low point yet to come!According to the current structure, gold is obviously in a weak position. Gold has failed to break through the high point of the previous wave after multiple rebounds during the day. 3400 has become a new round of pressure area; and gold has just accelerated its decline and fell below 3370. For the current trend, falling below 3370 will weaken the bullish sentiment to a certain extent and indicate that there is further room for decline, so I think gold should have a low point, and the low point we should first pay attention to is in the range of 3365-3355.
So in terms of short-term trading,
First, we can try to short gold with the short-term resistance area of 3395-3405;
But if gold first retreats to the support area of 3365-3355, we can first choose to go long on gold.
Geopolitics and Fed policies dominate the trend of gold prices
📌 Gold news
On Monday, boosted by the risk aversion of the Iran-Israel war, the gold price hit a high of 3452, but the continuity was not strong, and a series of other adjustments appeared; let's briefly sort it out:
1: Adjustment: Adjustment is normal. If the market rises, if the risk aversion does not continue to exert force, then the gold price can only return to technical adjustments. Therefore, Monday's adjustment trend and the decline trend are normal!
2: Risk aversion trend: The risk aversion trend will not be reversed for the time being! Once the war starts, it will not end easily; unless the interests of both sides are not damaged, the two sides agree to a ceasefire, but at present, the hope and probability are relatively small, so the risk aversion trend is the mainstream of the current global market;
3: The direction of the Iran-Israel war is nothing more than a few possibilities:
A: The war expands, the surrounding countries stand in line, and the US and Western imperialism join the battlefield; the war expands rapidly! At the same time, Iran is forced to block the Strait of Hormuz! This is a manifestation of escalating war;
B: Both sides, as well as the forces behind them, have calculated their interests, reached an agreement, and agreed to end the war conflict; this mainly depends on Iran's attitude; is it "powerful and unyielding", continuing to oppose the United States and imperialism; or is it pro-American, completely changing its identity, or changing its identity to submit to Israel and the United States;
To sum up: risk aversion eased slightly on Monday, but the overall global market is still risk-averse; technical adjustments are normal trends; but don't completely ignore the importance of risk aversion and risk aversion control because of technical adjustments; in addition, the subsequent results of the Middle East war are nothing more than the above two; what determines all this is the attitude of both sides;
📊Comment Analysis
Although the gold price fell below 3400 and the short-term trend changed, the general direction still remains bullish. In the future, it is still expected to hit the high point of 3500, but it is necessary to wait patiently for the bottom to stabilize before choosing the opportunity to buy the bottom. The current market is changing rapidly, and investors should adhere to the principle of following the trend and flexibly adjust their trading strategies.
💰Strategy Package
Short-term gold 3383-3393 long, stop loss 3372, target 3420-3440;
Short-term gold 3420-3430 short, stop loss 3435, target 3390-3370;
⭐️ Note: Labaron hopes that traders can properly manage their funds
Continue the rally, get ready for gold to return to 3443
⭐️Gold News:
Gold prices (XAU/USD) fell for the second consecutive trading day on Tuesday, retreating from the gains in the early Asian trading hours, which had briefly pushed above $3,400. A slight rebound in the US dollar (USD) continued to put pressure on the precious metal, acting as a major resistance. However, the downside for gold seems limited due to escalating geopolitical tensions in the Middle East and growing market expectations that the Federal Reserve (Fed) will further cut interest rates in 2025.
Meanwhile, the ongoing air conflict between Israel and Iran has entered its fifth day, exacerbating concerns about further escalation in the region. This ongoing geopolitical uncertainty supports demand for safe-haven assets such as gold. Investors also remained cautious ahead of the Federal Open Market Committee (FOMC)'s two-day policy meeting, the outcome of which could affect the next move of non-yielding gold.
⭐️Technical analysis:
Gold price gets liquidity from the support level below: 3385, 3373 completed, short-term downward trend breaks, gold price will soon return to above 3400.
Set gold price:
🔥Sell gold area: 3443-3453 SL 3458
TP1: $3435
TP2: $3422
TP3: $3407
🔥Buy gold area: $3358-$3350 SL $3345
TP1: $3368
TP2: $3376
TP3: $3390
Gold continues to fall. Will there be a lower point?Gold is still under pressure at the integer mark of 3400. During the US trading session, the lowest point reached around 3366. For the current trend, it fell below the short-term support area of 3375, so the market has the possibility of further downward movement to test the support of 3350.
Today, Iran launched missiles again, but there was no threat to Israel at all, and all the missiles were intercepted. Under the current trend of further decline, the support position that needs to be paid attention to is 3350. At this position, you can try a long strategy, and the early support point of 3400 above has turned into an upward pressure point.
Short-term operation strategy:
Buy near 3350, stop loss 3340, profit range 3380-3390.
Above, you need to pay attention to the important pressure level of 3390-3400. The market changes violently, and you can take profits at the right position. Avoid rapid changes in market conditions and losses.
GOLD/USD Bearish Rejection at Resistance ZoneGOLD/USD Bearish Rejection at Resistance Zone 📉🟥
📊 Technical Overview:
The chart for GOLD/USD shows a clear price action behavior between a well-defined resistance zone (~3,480–3,510) and a support zone (~3,260–3,280).
🔻 Bearish Signals:
The price has tested the resistance zone multiple times (highlighted with red arrows and orange circles) but failed to break above it, indicating strong selling pressure.
The current price action suggests another lower high formation, which is a bearish signal 📉.
Recent candles are rejecting the upward move, pointing to potential downside movement.
🟩 Support Confirmation:
Previous reactions from the support zone (green arrows) show that buyers have consistently stepped in near the 3,260–3,280 range.
This level remains a key demand zone where a bounce might be expected.
🔁 Outlook:
If the price continues to reject the resistance and follows the pattern, we might see another drop towards the support area.
A break below the support zone would confirm a bearish breakout and could open the door to deeper downside targets.
📌 Conclusion:
GOLD/USD is trading within a range, but the repeated failures at resistance suggest bearish momentum might take control in the short term. A move back toward the support zone is likely unless a breakout above resistance occurs.
📉 Resistance: 3,480–3,510
🟩 Support: 3,260–3,280
🔍 Bias: Short-term Bearish unless resistance breaks
Gold May Pull Back Short-Term📊 Market Overview:
After several strong bullish sessions, gold prices are under short-term pressure as geopolitical tensions in the Middle East temporarily ease and the US Dollar shows slight recovery.
While expectations for a steady Fed policy remain, traders are locking in profits after gold tested the $3,445 resistance zone.
📉 Technical Analysis:
Key Resistance: $3,445 – $3,460
Nearest Support: $3,394 – $3,380
EMA 09: Price has dropped below the 09 EMA, signaling a potential short-term bearish shift.
RSI/Candles/Momentum: RSI is pulling back from overbought levels. A red candlestick pattern has emerged after a strong rally, suggesting a technical pullback may be forming. Trading volume is starting to decrease.
📌 Outlook:
Gold may correct lower in the short term toward the $3,390–$3,380 support zone if it fails to reclaim the 09 EMA. However, the medium-to-long-term trend remains supported by safe-haven demand and dovish Fed expectations.
💡 Suggested Trading Strategy:
SELL XAU/USD at: $3,440 – $3,445
🎯 TP: $3,420
❌ SL: $3,455
BUY XAU/USD at: $3,390 – $3,395
🎯 TP: $3,410
❌ SL: $3,380
Gold continues to rise! When will the price of gold fall?Market news:
In early Asian trading on Monday (June 16), London gold prices continued to rise last week, hitting a nearly seven-week high of $3,451/ounce, as Israel and Iran launched a new round of attacks on each other on Sunday (June 15), exacerbating market concerns that escalating wars may trigger wider regional conflicts, and international gold continued to receive support from safe-haven buying.The continued rise of gold during the conflict depends on whether it is in a bull market and whether the conflict is likely to escalate. The inflow of funds into gold stock ETFs shows an increase in retail interest, especially silver outperforming spot gold, suggesting that market sentiment is turning. In addition to the geopolitical situation, this week will also usher in the test of the US retail sales monthly rate (commonly known as "terror data") and the Federal Reserve's interest rate decision.This trading day also needs to pay attention to the US New York Fed Manufacturing Index in June and the G7 Leaders' Summit, and pay attention to China's May total retail sales of consumer goods and China's May industrial added value annual rate.
Technical Review:
The technical price of gold is in good condition with the buying structure of the trend. The MA10/7/5-day moving averages on the daily chart remain open upward, the RSI indicator is hooked upward, and the price is running in the upper and middle track of the Bollinger Bands. The moving average system of the short-term four-hour chart maintains a golden cross opening upward, the price gradually moves up from the high point of the MA10-day moving average, and the Bollinger Bands remain open upward in the same hourly chart. Affected by the market fundamentals, gold has triggered risk aversion.The price of gold continues to rise, and the graphics of various time periods have formed obvious and strong support. In the daily chart, gold fell back to the trend line support after the triangle convergence breakthrough, and ushered in a rising trend again. In the short term, the upward momentum of gold is still strong. Based on the last round of retracement low of $3120 as the starting point of the wave structure, the push of the third wave may cause the price of gold to rise to $3600-3640. Combined with the current fundamentals, news and geopolitical situation, the medium- and long-term upward trend of gold is far from over.
Today’s analysis:
At present, the entire market is still affected by the geopolitical risks in the Middle East. Gold has been at a high level for a long time. If there is no turning point, the gold price will continue to remain above 3400 today. We will have the opportunity to see the gold price refresh the historical high of 3500 again today or tomorrow, and the probability is also very high. Then our operation idea is to buy to the end before the trend changes!
The trend of the gold one-hour market is still strong. From the short-term trend, it continues to maintain a high-level shock pattern, and the low point continues to rise. The high point has been continuously broken. Although the high opening and high movement of the Asian market failed to be directly continued, the high and fall back just gave us the opportunity to buy in!
Operation ideas:
Buy short-term gold at 3420-3423, stop loss at 3411, target at 3450-3470;
Sell short-term gold at 3468-3471, stop loss at 3480, target at 3420-3400;
Key points:
First support level: 3423, second support level: 3410, third support level: 3392
First resistance level: 3458, second resistance level: 3467, third resistance level: 3483
Gold, continued to rise after a pullback
📌 Driving events
Israel and Iran launched a new round of attacks on each other on Sunday (June 15), exacerbating market concerns that the escalation of the war could trigger a wider regional conflict, and gold continued to receive support from safe-haven buying. (The author believes that according to media reports, Iranian leaders have shown a tougher attitude, and Iran cannot be ruled out to give Israel a strong counterattack, so the geopolitical situation in the Middle East may escalate in the next few days, and gold as a safe-haven asset will shine even brighter.
Kremlin: (On Putin's possible mediation of the Israeli-Iranian conflict) Russia is ready to intervene at any time if necessary. (The author hopes that the two countries will be reconciled as soon as possible)
📊Comment Analysis
1-hour chart: The rising channel breaks down, and short-term shorting is at 3442.
💰Strategy Package
Today's US market plans to sell high and buy low in the 3408-3452 range. If the range breaks, follow the trend, strictly lighten the position and set a good stop loss.
⭐️ Note: I hope traders can properly manage their funds
- Choose the number of lots that matches your funds
I hope everyone will set rules, control emotions, and take a long-term view, and slowly get rid of the control of desire, be at ease in the trading market, find their own way to make money, and truly enjoy the fun and rewards brought by trading.
The international situation is bad. Gold fell back.Information summary:
Latest news: Israeli fighter jets "flew freely" over Tehran, and Iran lost air supremacy over the entire west. Israel's goal turned to a wider range of Iranian military and infrastructure.
Iran's counterattack, Tel Aviv, Haifa and other Israeli cities are being attacked by Iranian missiles. Both sides are currently suffering heavy losses.
But the price of gold fell back at this time; I think the biggest reason is that this week, the global "super central bank week" is about to hit, the market will usher in a very critical Federal Reserve interest rate decision, and central banks such as Japan, Switzerland and the United Kingdom will also hold monetary policy meetings one after another, and investors are on high alert. Under the influence of multiple conditions, the price of gold has a technical correction.
Technical analysis:
From a technical point of view, the impact of the conflict in the Middle East did not directly push up prices, but instead rushed up and fell back, which shows that the market has great pressure on the upward trend. Therefore, for the upward trend, it is necessary to be relatively conservative.
From the position point of view, the support below is around 3410.
From a trading perspective, most traders are waiting for the release of some data, which will change the overall trend of gold. However, according to the latest analysis of 14 Wall Street analysts, 10 analysts expect prices to continue to rise.
So I guess that this time the gold price pullback is accumulating energy for upward movement. At present, the price has started to rise after falling back to around 3410. The point of this pullback rebound is expected to stop around 3440, and then start to fluctuate at a high level.
If the price breaks through 3440 strongly and stabilizes above this position, the price may hit the upward pressure level of 3455 again.
Middle East tensions ease? Prices fall?Information summary:
Iran sent a peace signal to the United States and Israel through Arab intermediaries - requiring the United States not to carry out air strikes as a prerequisite for restarting nuclear negotiations, and emphasizing to Israel that controlling violence is in the common interest.
Under the influence of this news, gold turned downward several times, reaching a low of $3,383, and then rebounded slightly. The current price fluctuates slightly above $3,400.
Market analysis:
Technical analysis shows that the current price has broken through the key resistance area of the previous high and the middle track resonance. The 4-hour chart continues to be bullish under the support of the middle track, and the short-term sideways adjustment is a normal accumulation of upward momentum.
If the integer mark of $3,400 can be maintained, the hourly chart is expected to continue the upward trend after a narrow range of fluctuations, and accelerate to a new high after breaking through; on the contrary, if this position is lost, it is necessary to be vigilant about the risk of trend reversal.
The geopolitical crisis continues to ferment, injecting medium- and long-term safe-haven demand into gold. Combined with the strong closing pattern at the weekly level, the core operation strategy should be to buy on the pullback, focusing on the 3400-line long-short dividing line. At present, the price can be arranged for long orders, and the target will be the previous high point after breaking through 3415, but the risk of falling back from the high point must be strictly prevented.
Good luck to everyone in the new week.
Iran releases easing signals, gold is still bullish
📣Golden News
1. Iran sends a signal of easing. U.S. media reported that under the pressure of Israeli air strikes, Iran has used Arab intermediaries to send a peace signal to the United States and Israel - asking the United States not to carry out air strikes as a prerequisite for restarting nuclear negotiations, and emphasizing to Israel that controlling violence is in the common interest.
2. Israel's firm stance. Israeli warplanes fly freely over the Iranian capital, and Iran's counterattack is ineffective. Israel is still focused on dismantling Iran's nuclear facilities and weakening its theocratic regime, and there is no motivation to cease fire in the short term.
3. Gold's reaction and strategy. Iran's peace proposal caused the price of gold to plummet to as low as $3,382. However, since the situation in the Middle East has not eased significantly, it is recommended to buy on dips and pay attention to the support level of $3,400. ⭐️Set gold price:
🔥Sell gold area: 3465-3475 SL 3485
TP1: 3450 USD
TP2: 3440 USD
TP3: 3430 USD
🔥Buy gold area: 3390-3388 USD SL 3383 USD
TP1: 3400 USD
TP2: 3410 USD
TP3: 3422 USD
Analysis of gold trend on June 16!
📣Gold information:
Gold prices (XAU/USD) climbed to $3,445 in early Asian trading on Monday, the highest level in more than a month, as rising tensions in the Middle East and expectations of a rate cut by the Federal Reserve boosted demand for safe-haven assets.
Investors remain focused on geopolitical risks despite stronger-than-expected U.S. economic data on Friday. The University of Michigan's consumer confidence index jumped to 60.5 in June, well above market expectations of 53.5 and 52.2 in May. However, the market largely shrugged off the data. Instead, attention turned to the escalating conflict in the Middle East, with Israel's recent attack on Iran fueling concerns about instability in the wider region. In response, Iranian authorities warned that they would "respond firmly to any adventurism," which boosted gold's appeal amid global uncertainty.
⭐️Technical review and analysis: For the current short-term operation of gold, it is recommended to rebound high and go long, with the upward resistance level of 3450-3500 and the downward support level of 3385-3335.
⭐️Set gold price:
🔥Sell gold area: 3465-3475 SL 3485
TP1: $3450
TP2: $3430
🔥Buy gold area: $3390-$3388 SL $3383
TP1: $3400
TP2: $3422
Geopolitical conflict re-emerges, price points to 3500?Information summary:
The powder keg of the Middle East situation exploded. A new round of fierce fighting between Israel and Iran has pushed the global financial market into a risk-averse storm. In just one day, gold soared. In the early Asian session on Monday, the price of gold was unstoppable, hitting a nearly seven-week high of $3451/ounce. Under the dark clouds of geopolitical conflict, gold bulls are in full swing, and the $3500 mark seems to be within reach.
In addition, the market will face two major tests this week: the monthly rate of US retail sales and the highly anticipated Federal Reserve interest rate decision.
Technical analysis:
At the daily level, the MA10, MA7, and MA5 moving averages are diverging upward, the RSI indicator turns upward, and the gold price is running steadily in the upper and middle track area of the Bollinger band. In the four-hour cycle, the moving average forms a golden cross arrangement and the opening continues to expand. The price continues to rise along the MA10 daily moving average, and the Bollinger band also maintains an upward opening shape.
The current market is dominated by geopolitical risks in the Middle East, and the gold price is consolidating at a high level. If the situation does not change, the gold price will most likely remain above $3,400 today, and it is even very likely to refresh the historical high of $3,500 today and tomorrow. Therefore, before the trend changes, the long strategy is still the best choice.
Operation strategy;
Buy near 3420, stop loss 3410, target 3460-3470.
Risk aversion escalates, prices continue to rise?Information summary:
On the last trading day of last week, gold rose again under the stimulation of risk aversion. The gold market is shrouded in risk aversion in the Middle East. In the short term, the trend of gold is still supported by risk aversion and may continue to rise. At present, the relationship between Israel and Iran has not been eased; there is the latest news: Iran may retaliate against the air strikes it suffered this time. This will provide momentum for the rise of gold.
Market analysis:
Gold 1 hour shows that the moving average forms a golden cross and diverges upward, and the bullish trend of gold is still there. After the rise of gold risk aversion, gold has adjusted sideways in the short term, but it is still oscillating strongly at a high level; it is still in the process of rising. The short-term fluctuation of gold is the adjustment in the process of rising, and it will continue to rise at any time. After the gold bulls broke through 3400, they have been stabilizing above this position, so the strategy for next week is still to buy on dips.
However, it should be noted that if the international situation suddenly changes, the price may not fall back, but directly rush to a new high.
In addition, if the international situation eases and falls below 3400, we must adjust the operation strategy in time to avoid losses.
Important positions:
Resistance levels: 3450, 3475, 3490
Support levels: 3410, 3400, 3380
Operation strategy:
Buy near 3410, stop loss at 3400, win range above 3450 points.
There are still 7 hours left before the Asian market opens. I hope my analysis can help all traders gain something in the gold market.
GOLD/USD Bullish Breakout PotentialGOLD/USD Bullish Breakout Potential 🚀📈
🔍 Chart Analysis (June 15, 2025):
The GOLD/USD price action shows strong bullish momentum after a successful breakout above the previous resistance zone (now turned support) around $3,400. This level had previously acted as a key resistance multiple times (evidenced by the price rejection in early June), but has now been flipped into a support zone. The chart highlights two major elements:
📌 Key Highlights:
✅ Support Zone:
The $3,390–$3,410 range is now a confirmed support area after price broke above and retested it. This zone was previously tested multiple times (marked by arrows) and is expected to act as a launchpad for further upside.
🎯 Target Point:
The projected bullish target lies in the $3,610–$3,640 range. This level has been highlighted as a potential area where price might face resistance again.
📈 Bullish Projection:
A bullish continuation is expected if the price remains above the $3,400 level. The chart suggests a possible pullback to support before continuation towards the target zone.
⚠️ Technical Outlook:
As long as price holds above support, the bias remains bullish.
A drop below $3,390 would invalidate this bullish scenario and call for reassessment.
Conservative entry may wait for a confirmed bounce from support.
🔮 Summary:
Bullish bias is active for GOLD/USD with a short-term target around $3,620. Watch the $3,400 support closely for confirmation of the upward momentum.
Adjustment over? Uptrend coming?Information summary:
A new round of air strikes by Israel against Iran on Friday has significantly escalated the conflict in the Middle East. Investors have quickly poured into traditional safe-haven assets such as gold, U.S. Treasuries and the Japanese yen. The market's current first choice for hedging geopolitical risks is gold, not the U.S. dollar. The U.S. dollar index rebounded slightly this week, but it has not become the main target of safe-haven fund flows, and gold has dominated the flow of safe-haven funds.
Although risk aversion has become the main theme of the gold market this week, the Fed's policy trends are still the core variable affecting the long-term direction of gold prices. In this week's FOMC meeting, the Fed kept interest rates unchanged and hinted that it may only cut interest rates once this year. But Powell also pointed out that future policies will still depend on data, leaving speculation about reversals.
Market traders generally believe that if the future inflation data falls more than expected or the job market slows down, the Fed's stance may turn dovish again, and gold prices may therefore gain new upward momentum.
Trend analysis for next week:
The weekly bullish trend extends, and there is still a lot of room for growth. After a round of decline last week, the weekly line closed this week again in a very strong position, and the daily rising trend channel resumed its operation. From the market alone, the gold price trend has been stabilizing above the middle track, and the bulls continued to line up at the opening of Monday. From the indicators, the middle track has been extending upward. Since May, the price has continued to create highs in the rising channel and has a tendency to challenge the historical high position of 3500, indicating that there is still room for upward movement in the short term.
From the 1-hour chart, the price rose to 3447 and then made a short-term correction to 3420, and the correction has been sufficient. 3420-3415 forms the most important support area. If this position is touched, it is an opportunity for long trading; but the price may not fall back to the support line and rise directly. Before breaking the important neckline, no short strategy will be adopted at the beginning of next week. We can patiently wait for the opportunity to go long after the correction.
Operation strategy:
Buy at 3415-3420, stop loss at 3410, profit range at 3450-3455.
Gold Extends Rally as New High Emerges📊 Market Overview:
Gold reached a new intraday high at $3,447 today, supported by a weaker USD and stable U.S. Treasury yields. Prices then pulled back slightly to $3,423 amid short-term profit-taking. Ongoing geopolitical uncertainty and expectations that the Fed may hold or cut rates continue to drive demand for safe-haven assets like gold.
📉 Technical Analysis:
Key Resistance Levels:
• $3,447 – Intraday high on June 13
• $3,465 – Strong Fibonacci extension resistance
• $3,480 – Next upside target if price breaks above $3,447
Key Support Levels:
• $3,423 – Current price and intraday congestion zone
• $3,410 – Minor support on the H4 chart
• $3,400 – Psychological support & 20-day MA
• EMA: Price is trading above the 09-day EMA → short-term trend remains bullish
• Candlestick / Volume / Momentum:
Strong bullish candle with high volume; RSI at 67 indicates further upside potential. Short lower wicks suggest limited selling pressure. MACD on both H4 and daily charts favors continued upside momentum.
📌 Outlook:
Gold is likely to continue rising if it holds the $3,410–$3,423 support zone. A break above $3,447 may open the path toward $3,480 or higher.
💡 Suggested Trading Strategy:
🔺 BUY XAU/USD:
• Entry: $3,420 – $3,425
• 🎯 TP: $3,480
• ❌ SL: $3,408
🔻 SELL XAU/USD
• Entry: $3,445 – $3,450
• 🎯 TP: $3,423 – $3,410
• ❌ SL: $3,457
Gold will inevitably fall after risingGold has risen sharply due to the violent geopolitical conflicts and the surge in risk aversion. It once reached around 3445, but in the process of falling back, it only touched 3408 and rebounded again, stabilizing above 3400. It is obvious that due to the changes in fundamentals, the sentiment of gold bulls is high; although the upward momentum of gold near 3440 has weakened, there is no clear signal of peaking yet!
For short-term trading, it is relatively difficult to participate at present. To be honest, I naturally don’t want to chase gold at a high level; but there are no more signals to support me to short gold for the time being. However, with the rebound of gold, the current short-term support below is in the 3425-3415 area, followed by the psychological support of the 3400 integer mark; and the short-term resistance above is in the 3455-3465 area, followed by the area near 3480.
Compared with the profit and loss ratio, I prefer shorting gold for short-term trading, because gold has performed relatively strongly in the London market. Logically, gold will have the inertia to rise in the New York market, so I think gold may rise and then fall in the New York market, so my current plan is to try shorting gold starting in the 3455-3465 area.
Because the changes in gold's fundamentals are more extreme and complex, you must set up SL when participating in transactions.
GOLD SPOT (XAU/USD) 4H Analysis – Bullish Momentum Breakout🔔 GOLD SPOT (XAU/USD) 4H Analysis – Bullish Momentum Breakout 💥📈
📊 Overview:
Gold has confirmed a strong bullish breakout from the consolidation zone, driven by sustained support and recent upward pressure. After rebounding from the MAIN SUPPORT zone around $3,200, price action has surged and successfully touched the 1st Take Profit (TP1) zone at $3,429.
🔍 Key Levels:
🟩 Main Support: $3,200 zone — held firm and acted as a launchpad for the bullish reversal.
📌 1st TP (Touched): $3,429 — resistance level has been tested and price is currently hovering near it.
🎯 Next Target (TP2): $3,504 — price is expected to approach this zone as bullish momentum continues.
📈 Technical Outlook:
Price structure shows a clear higher low formation followed by a strong impulse breakout.
Current momentum suggests bulls are in control, with volume and volatility increasing on the upward leg.
As long as the price remains above the $3,366 short-term support, the bias remains bullish.
🛑 Risk Note:
Watch for possible rejection near TP2.
A failure to hold above $3,366 may trigger a pullback to retest lower zones.
✅ Conclusion:
The bullish continuation scenario remains valid with potential to hit the $3,504 mark. Traders may look for long opportunities on pullbacks while maintaining tight risk management. 🔐📊