XAU/USD) Back support level Read The captionSMC trading point update
Technical analysis of XAU/USD (Gold Spot vs U.S. Dollar) – 2H Timeframe:
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XAU/USD Bearish Rejection from Resistance – Short-Term Sell Setup
Key Observations:
1. Rejection from Upper Channel & Resistance Zone:
Price was rejected sharply after touching the upper boundary of the ascending channel and the newly established resistance zone (~3400–3420).
A strong bearish candle confirms selling pressure at the top.
2. Support Retest in Progress:
The price is currently descending toward the EMA 200 and the KYY support zone (approximately 3343–3348).
The previous bounce originated from this level, making it a significant retest zone.
3. EMA 200 as Confluence:
The 200 EMA (currently at 3346.92) aligns with the support zone, increasing the likelihood of a bounce or at least temporary pause in bearish momentum.
4. RSI Bearish Signal:
RSI has dropped below 50, confirming a momentum shift toward the downside.
Still above oversold territory, suggesting more downside room.
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Trade Idea:
Bias: Bearish (Short-Term)
Entry Zone: Around 3390–3400 (confirmed rejection area)
Target Zone: 3348 – 3343 (KYY support + EMA 200)
Stop Loss: Above 3425 (just above resistance zone)
Mr SMC Trading point
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Summary:
Gold has faced a clear rejection at a key resistance zone within an ascending channel, and is now targeting the EMA 200 and previous structural support. Short opportunities could be considered toward the 3343–3348 zone, with RSI and price action supporting the move.
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Goldpreis
Golden opportunity comes again!Gold fluctuated all day yesterday, and finally did not break the range we gave. Today we continue to focus on the strong support range of 3365-3360, because this position is also the important key support we gave yesterday. Today we continue to look for opportunities to go long when we step back. As long as the strong support position below is not broken, there will be hope for the bulls to make a comeback.
From the current analysis of gold trends, gold continues to focus on the short-term support near 3375-3370 below, and the important support is around 3365-3360. The short-term focus is on the short-term suppression near 3400-3415 above. The operation is temporarily based on the range. There is a high probability that the short-term fluctuations will continue. Wait patiently for the key points to enter the market.
Gold operation strategy: Go long when gold steps back to 3375-3370, and cover long positions when it steps back to 3365-3360. The target is around 3380-3390-3400.
If you still lack direction in gold trading, you might as well try to follow my pace. The strategy is open and transparent, and the execution logic is clear and definite, which may bring new breakthroughs to your trading. The real value does not rely on verbal promises, but is verified by the market and time.
Gold-----sell near 3393, target 3380-3366Gold market analysis:
Yesterday, gold was basically a repeated shock, the K line was repaired at one position, and buying and selling were back and forth around the M side of the suppression platform 3405. Yesterday, our analysis was completely in line with our expectations. Yesterday, we also repeatedly arranged 5 sell orders, arranging 3382 break sell, 3387 sell, 3393 sell, 3382 sell, 3377 sell. Today's idea is to continue selling. The daily line cannot determine the bottom of this wave of decline. There are data in European and American time today. I think we can rely on the 3405 platform to be bearish before the data. If 3405 breaks, we adjust our thinking to be bullish. Otherwise, we can sell repeatedly. Gold is oscillating in the short term. Try not to chase it and wait for it to rebound and suppress the position to sell. In addition, the daily moving average suppression position of the moving average is 3396-3363, which is also the main reason for its repeated game at this position. The weekly buying momentum is not dead yet. Be cautious of its rocket in the second half of the week.
In today's Asian session, we will first focus on the suppression of 3395. The risk of taking more is relatively large. The low point below is not stable. The Asian session fell to 3370 and rebounded quickly. From the perspective of the pattern, 3372-3366 is the support. The suppression position of the 1H hourly moving average is near 3395. Yesterday's US session rebounded at around 3396, and the hourly K suppression position was 3400. All the above are suppressed. In addition, the opening position today is also near 3393.
Pressure 3393, 3400, 3405, support 3382, 3370, and the watershed of strength and weakness in the market is 3382.
Fundamental analysis:
In the previous fundamentals, we have been paying attention to geopolitical factors. The situation in the Middle East has indeed changed the way gold and crude oil are traded. Today we focus on the monetary policy of the Federal Reserve, and there is also a speech by Chairman Powell during the US session.
Operation suggestions:
Gold-----sell near 3393, target 3380-3366
Gold-----sell near 3393, target 3380-3366Gold market analysis:
Yesterday, gold was basically a repeated shock, the K line was repaired at one position, and buying and selling were back and forth around the M side of the suppression platform 3405. Yesterday, our analysis was completely in line with our expectations. Yesterday, we also repeatedly arranged 5 sell orders, arranging 3382 break sell, 3387 sell, 3393 sell, 3382 sell, 3377 sell. Today's idea is to continue selling. The daily line cannot determine the bottom of this wave of decline. There are data in European and American time today. I think we can rely on the 3405 platform to be bearish before the data. If 3405 breaks, we adjust our thinking to be bullish. Otherwise, we can sell repeatedly. Gold is oscillating in the short term. Try not to chase it and wait for it to rebound and suppress the position to sell. In addition, the daily moving average suppression position of the moving average is 3396-3363, which is also the main reason for its repeated game at this position. The weekly buying momentum is not dead yet. Be cautious of its rocket in the second half of the week.
In today's Asian session, we will first focus on the suppression of 3395. The risk of taking more is relatively large. The low point below is not stable. The Asian session fell to 3370 and rebounded quickly. From the perspective of the pattern, 3372-3366 is the support. The suppression position of the 1H hourly moving average is near 3395. Yesterday's US session rebounded at around 3396, and the hourly K suppression position was 3400. All the above are suppressed. In addition, the opening position today is also near 3393.
Pressure 3393, 3400, 3405, support 3382, 3370, and the watershed of strength and weakness in the market is 3382.
Fundamental analysis:
In the previous fundamentals, we have been paying attention to geopolitical factors. The situation in the Middle East has indeed changed the way gold and crude oil are traded. Today we focus on the monetary policy of the Federal Reserve, and there is also a speech by Chairman Powell during the US session.
Operation suggestions:
Gold-----sell near 3393, target 3380-3366
Golden investment opportunity emerges!Market news:
In the early Asian session on Wednesday (June 18), spot gold fluctuated in a narrow range and is currently trading around $3,380 per ounce. As the "safe haven king" in the global financial market, international gold has shown resilience in bottoming out and rebounding under the dual drive of recent geopolitical and economic uncertainties. The rise in London gold prices is inseparable from the fueling of tensions in the Middle East. The conflict between Iran and Israel has entered its fifth day, and geopolitical risks continue to heat up, injecting strong momentum into safe-haven assets.Although geopolitical risks have pushed up the safe-haven demand for gold, the strong performance of the US dollar has significantly suppressed gold prices. Against the backdrop of escalating conflicts in the Middle East, the dollar's renewed support and the Federal Reserve's cautious attitude have become important factors limiting the upward trend of international gold prices. Investors need to pay close attention to the Fed's policy guidance, the trend of the US dollar and the latest developments in the Middle East. In addition, the initial value of the annualized total number of US building permits in May and the annualized total number of US new home starts in May will also be released on this trading day, and investors also need to pay attention.
Technical Review:
Gold bottomed out and rebounded, and adjusted widely and fluctuated fiercely. The daily chart closed with a positive cross line, and the RSI indicator's central axis 50 value flattened. The price dropped to the MA10 daily average line of 3366 and rebounded sharply, reaching 3396 in the Asian session. The short-term four-hour chart moving average is glued together, and the RSI indicator's central axis is adjusted. The hourly chart Bollinger Bands are closed, and the moving averages are glued together. Technically, gold maintains a wide range of fluctuations and short-term participation.The intraday trend and the weekly chart's high point gradually move downward, which shows that the control of selling in the market is gradually increasing. Although the gold price failed to continue the buying trend at the beginning of the week, it does not mean that buying is completely dominant, especially before the announcement of the Federal Reserve's interest rate decision on Thursday this week, the market still has strong uncertainty about the future trend!
Today's analysis:
After gold bottomed out, it began to fluctuate again, but the overall trend is still selling. The gold rebound is still under pressure at 3400 and began to fall back. In the short term, gold 3400 is still an important resistance. Gold continues to sell at high prices before it effectively breaks through 3400. Today’s market is once again blocked when it hits a high point. The current intraday high is around 3396. The market has been operating under the pressure of 3400 in the past two days, and there is no sign of the market standing above 3400. Therefore, the 3400 barrier is still an effective pressure point. As long as it does not break through and stabilize at 3400 today, the rebound is an opportunity for us to sell!
Operation ideas:
Short-term gold 3365-3370 buy, stop loss 3356, target 3390-3440;
Short-term gold 3390-3400 sell, stop loss 3408, target 3370-3350;
Key points:
First support level: 3363, second support level: 3346, third support level: 3333
First resistance level: 3400, second resistance level: 3408, third resistance level: 3420
GOLD/USD Bearish Rejection at ResistanceGOLD/USD Bearish Rejection at Resistance 📉🟥
🔍 Technical Analysis Overview:
The GOLD/USD chart shows a clear bearish rejection pattern forming near the resistance zone around $3,450, marked with red arrows. After price tested this level twice, strong selling pressure appeared, resulting in a sharp decline.
📌 Key Observations:
🔴 Resistance Zone:
Price was rejected from the resistance area around $3,450 twice, indicating strong seller presence.
Double top-like behavior seen with lower highs confirming weakening bullish momentum.
🟠 Support Zone:
A well-respected support level near $3,250 has been identified based on past reaction (highlighted with orange circles).
Price previously bounced twice from this zone, validating it as a strong support level.
🎯 Target Level:
A near-term target of $3,305.586 is marked, which aligns with previous reaction zones and short-term structure support.
If momentum continues, a deeper push toward $3,250 support is probable.
📉 Bearish Bias Justified By:
Clear rejection from resistance
Lower high formation
Current consolidation with downward bias
Possible breakout to downside if $3,305 fails to hold
⚠️ Risk Note:
If price retraces and breaks back above $3,400 with volume, the bearish setup will be invalidated.
📊 Conclusion:
The chart favors bearish continuation with a primary target around $3,305, and extended downside to $3,250 if bearish pressure sustains. Traders should watch for bearish confirmation patterns below current price before engaging.
🔽 Resistance: $3,450
🔼 Support: $3,250
🎯 Target: $3,305
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 hovers at high levels as the market awaits FOMCOn Tuesday (June 17), spot gold once reached above $3,400 during the Asian session, then fell slightly during the European session, and maintained a high-level volatile trend during the session. Earlier on Monday, gold recorded its largest single-day drop in a month (1.4%). After the sudden outbreak in the Middle East and US President Trump's warning to Tehran, the market's risk aversion demand heated up again, pushing gold prices to rebound in the Asian session. The two-day interest rate meeting of the Federal Reserve has also become a top priority for the market.
Fundamentals
Tensions in the Middle East have heated up again. According to Reuters, Israel's air strikes on Iran's state-run TV station, Iran's threats to launch the most violent missile attack in history, and the fire of three oil tankers near the Strait of Hormuz have caused market concerns about the escalation of geopolitical conflicts. US President Trump left the G7 summit early and convened a national security meeting, which increased market risk aversion.
At the same time, ETF holdings increased significantly. Data showed that ETFs increased their holdings of gold by 136,000 ounces on the previous trading day, and the net purchase volume has reached 6 million ounces this year, reflecting that funds still have strong confidence in the future of gold. SPDR Gold ETF even recorded a single-day net inflow of $285 million last Friday, the largest in weeks.
In terms of the US macroeconomics, the market generally expects the Fed to keep interest rates unchanged this week, but the focus is on Powell's speech and changes in the dot plot. As expectations of further rate cuts in 2025 heat up, the US dollar is still under pressure close to a three-year low, and analysts believe that this will form a structural support for gold in the medium term.
Technical aspects:
The gold daily candlestick chart shows that the current trend is in a typical "rising wedge" pattern. Prices have been steadily rising along an upward trend line this year, while the upper side is suppressed by strong resistance in the 3450-3500 area. The current market is in a wait-and-see state.
There are obvious signs of Bollinger Bands closing, with the upper Bollinger track at $3440.63, the middle Bollinger track at $3317.51, and the lower track has moved up to around $3194.38, reflecting that the market is brewing a breakthrough. The current price is basically running between the upper and middle Bollinger tracks, indicating that it is still in a bullish structure, but once it falls below the middle Bollinger track or the lower edge of the wedge (about $3,330), it may trigger accelerated downside risks. The RSI indicator remains at 55.79, neutral to strong, and has not entered the overbought area.
Comprehensively judged, the analysis believes that the short-term trend is in consolidation, and be alert to the risk of technical reversal. If the support of $3,330 is lost, further downside space will be opened; on the upside, it needs to break through the pressure range of $3,450 before trying the previous high of $3,499.83.
Market sentiment observation
The current gold market sentiment is in a "highly sensitive" stage. On the one hand, risk aversion once pushed gold to rebound rapidly, reflecting that the market has a very high pricing sensitivity to geopolitical risks; on the other hand, traders are still uncertain about the outlook for the Fed's policy, and the expectation that interest rates will remain unchanged has been fully priced in, but there are large differences in the future path of interest rate cuts.
The weak rebound of the US dollar shows that the market does not fully agree with the logic of "hawkish stability maintenance". This contradictory sentiment has caused gold to fluctuate at a high level and has not yet formed a trend breakthrough. The continued increase in ETF holdings provides substantial buying support for gold, which constitutes the optimistic support of the "underlying logic".
In addition, the market is still waiting for the FOMC meeting to release new signals. This "uncertain outlook" constitutes a typical "cautious optimism" market psychology. Traders are more likely to adopt a wait-and-see strategy, further amplifying the importance of technical signals.
Outlook for the future
Bullish outlook: Analysts believe that if the geopolitical situation continues to heat up or the Federal Reserve releases dovish signals, gold is expected to break through the $3,450 resistance area and challenge the previous high of $3,499.83; by then, the momentum of ETF holdings and safe-haven inflows will jointly promote a new round of bullish market.
Short-term outlook: Analysts believe that if the FOMC meeting results are hawkish or Powell sends a signal that he will not cut interest rates, coupled with the easing of risk aversion in the market, gold may fall back to the key support area of $3,330. If it loses this position, it will form a trend reversal signal, with the target down to the lower Bollinger track of $3,194, or even lower.
Overall, the analysis believes that gold is still running in an upward trend structure, but volatility is compressed, and the short-term direction needs to wait for clear signals from the Fed meeting. Traders are closely watching the changes in the Fed's monetary policy and geopolitical situation, while being alert to the risks of "false breakthroughs" and sharp pullbacks. FX:XAUUSD ACTIVTRADES:GOLD PYTH:XAUUSD PYTH:XAUUSD CMCMARKETS:GOLD
Watch for steady progress in evening interest rates📰 Impact of news:
1. Initial jobless claims data
2. US-Iran conflict continues
3. Pay attention to the Fed's decision
📈 Market analysis:
In the short term, gold has repeatedly tested the 3380-3375 line and has not made any substantial breakthrough. If it breaks through and stabilizes at 3400 after the data is released, it means that gold will change its weak situation and there will be another wave of accelerated rise. However, if it continues to remain below 3400, the market will definitely fall further. Therefore, pay close attention to the 3400 mark after the data is released!
🏅 Trading strategies:
Do not participate in the transaction for the time being, pay attention to interest rate information and Powell's speech, I will publish the specific points on 🌐
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
XAU/USD Bullish Breakout from Flag PatternBullish Flag Formation: The price consolidated in a downward-sloping flag after a sharp bullish move. A breakout has occurred, signaling renewed buying pressure.
Support Zone: The breakout aligns with the horizontal support area around 3,392, reinforcing the bullish bias.
Upside Targets: Based on price structure and measured move projection:
First target: 3,435 – 3,452
Final target zone: 3,500+
Momentum Confirmation: The Ichimoku cloud supports bullish continuation as price trades above it, showing strong upward momentum.
Conclusion:
Gold appears to be resuming its uptrend after a brief consolidation. As long as price holds above the breakout level (around 3,392), the bullish targets remain valid. Ideal scenario for continuation traders looking for entries on minor pullbacks
Accurate operation, both long and short gains!Gold has experienced a typical volatile market today, first rising to 3400 and then falling back to around 3380 as expected. The short order plan we arranged in advance was successfully closed, and we successfully took this wave of callback profits. What is more worth mentioning is that we also accurately entered the long order in the previous round of retracement and steadily harvested the rebound profits. The rhythm of long and short switching is smooth, the strategy is clear, and the execution is decisive - this is what trading should be like. The market is repetitive, and opportunities are always there. Whether you can put the profit steadily into your pocket depends not on how many times you are right, but on whether you can execute it at the key points.
At present, the trend of gold shows that although there is a rebound after each decline, the strength is generally weak and it has never been able to break through the 3405 suppression level. The overall situation is still in a range of fluctuations, and market sentiment is still waiting for further guidance from the Fed. Therefore, short-term operations are still based on key points, and the market rhythm is slow, requiring more patience. In the case of no break at present, continue today's thinking to operate, unless there are sharp fluctuations in the short term or sudden news or geopolitical situations, then make adjustments.
Gold operation suggestions: 1. Gold short orders: short near 3397-3405, target 3385-3375. 2. Gold long orders: long near 3375-3370, 3365-3360 can cover positions, target 3380-3390-3400.
If you still lack direction in gold trading, you might as well try to follow my pace. The strategy is open and transparent, and the execution logic is clear and definite, which may bring new breakthroughs to your trading. The real value does not rely on verbal promises, but is verified by the market and time.
XAUUSD:Go long
As can be seen from the chart, the decline of gold actually did not fall below 3380 each time, the actual close longer lower shadow, and from yesterday's trend can be seen 3400 is a certain pressure exists, so today to see whether this position can break through. After the break, we continue to look up, and then increase the trading range.
For now or first around the narrow range to trade.
Trading Strategy:
BUY@3378-84
TP:3395-3400
↓↓↓ More detailed strategies and trading will be notified here ↗↗↗
↓↓↓ Keep updated, come to "get" ↗↗↗
Once again, we seized a golden opportunityYesterday, gold fluctuated throughout the day and failed to break through the key range we pointed out. The current structure continues to fluctuate. During the day, we will continue to pay attention to the strong support of 3365-3360 below. This area is the key defensive position we emphasized yesterday. As long as this area is not broken, the bulls still have a chance to make a comeback. The long orders we arranged today at 3370-3375 have all been taken profit near 3387, and the short-term is perfectly realized! At present, 3400 above is the primary pressure position. We have also given a short order plan. We continue to hold it at present, and the target is to take profit when it falls back to 3380-3375.
The overall idea is to maintain the main long and auxiliary short rhythm. In terms of operation, the interval thinking is prioritized, and wait for the key points to be confirmed before taking action. If it breaks through, change the idea in time.
Operation suggestion: Gold falls back to 3375-3370 and goes long with a light position, and further falls back to 3365-3360 to cover the position. The target is 3380-3390-3400.
If you still lack direction in gold trading, you might as well try to follow my pace. The strategy is open and transparent, and the execution logic is clear and definite, which may bring new breakthroughs to your trading. The real value does not rely on verbal promises, but is verified by the market and time.
Go long on gold pullback.The conflict between Israel and Iran continues to escalate. Israel launched air strikes on Iran's nuclear facilities and Iran threatened to block the Strait of Hormuz, exacerbating market risk aversion. If the situation in the Middle East deteriorates further (such as the blockade of the Strait of Hormuz), gold may fluctuate by more than $50 a day. The Federal Reserve will announce its interest rate decision on June 19. The market generally expects the interest rate to remain unchanged, but is paying attention to whether Powell will send a signal of a rate cut. The monthly rate of U.S. industrial output in May was -0.2%. Lower than expected, strengthening the expectation of economic slowdown, which may affect the policy path of the Federal Reserve; the US dollar index rose slightly by 0.12% to 98.26, partially offsetting the safe-haven buying of gold; if the US dollar strengthens further, it may suppress the upward space of gold prices; gold opened higher today, reaching a high of 3396.21 and then fell sharply to 3370.60 US dollars/ounce, and then gold oil rose sharply to 3399.93 US dollars/ounce. This morning, gold fluctuated widely, ups and downs, and the 1-hour gold price ran above the middle track of Bollinger. The general direction of gold is still bullish, pay attention to the support of 3382. In terms of intraday operations, we recommend going long after stepping back, and then consider going short at high levels.
Trading is risky, please control it reasonably. Charlie will share more trading experience. Stay tuned. FX:XAUUSD PEPPERSTONE:XAUUSD VELOCITY:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLD
The situation in the Middle East is in turmoil again! (Exclusive
(Fifth day of Iran-Israel conflict: Trump leaves G7 ahead of schedule, Middle East situation stirs up waves again!)👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇
The conflict between Iran and Israel has continued to the fifth day, the war has not subsided, and the situation is becoming increasingly tense. Due to the sudden escalation of the situation in the Middle East, US President Trump left the G7 summit held in Canada one day ahead of schedule, which aroused widespread concern in the international community. On Tuesday (June 17), Trump strongly warned Iran through social media, demanding that it sign the nuclear agreement immediately and calling on Tehran residents to evacuate. At the same time, both Iran and Israel reported heavy casualties and infrastructure damage, ceasefire negotiations were deadlocked, and uncertainty in the global market was further exacerbated.
Iran and Israel: The fifth day of tit-for-tat👇
Explosions over Tehran
On Tuesday morning, violent explosions were heard over the Iranian capital of Tehran, and the air defense system was operating at full capacity, trying to intercept incoming missiles. According to Iranian media Asriran, Natanz, the site of an important nuclear facility about 320 kilometers from Tehran, also activated high-alert air defense measures. Iranian officials revealed that 224 people have died in Iran in the past five days, most of whom are innocent civilians. Iranian Foreign Minister Araghchi issued a statement through the social platform X, accusing Israel of "aggression" and warning that Iran will continue to respond strongly if Israel does not stop its military operations.
Midnight alarm in Tel Aviv
At the same time, Tel Aviv, Israel's financial center, also sounded an air raid alarm after midnight, and explosions resounded through the night sky. It is reported that this is another round of missile attacks launched by Iran against Israel. According to official Israeli statistics, the conflict has killed 24 civilians and nearly 3,000 people have been forced to evacuate due to security threats. Israeli Finance Minister Bezalel Smotrich said that Iran's attack has had a serious impact on the lives of Israeli people and the government is doing its best to deal with it.
The shadow of nuclear facilities
Iran's Natanz nuclear facility, as the focus of global attention, has once again become a sensitive target in the conflict. Although Iran stressed that its air defense system successfully protected key facilities, the tension in the region has undoubtedly exacerbated international concerns about Iran's nuclear program. Israeli Prime Minister Netanyahu publicly stated on Monday that Israel will eliminate the threat posed by Iran's nuclear and ballistic missile programs at all costs. He also hinted that if the goal can be achieved through diplomatic means, Israel is willing to give Iran a "60-day opportunity."
Trump's tough stance and early departure from the G7 summit
"Iran must sign a deal!"
Trump published a fierce post on Truth Social, a social media platform he founded, calling Iran's refusal to sign an agreement to curb the development of nuclear weapons a "shame" and a "waste of life." He repeatedly stressed that "Iran cannot have nuclear weapons" and urged residents of Tehran to evacuate immediately. Trump's remarks sparked controversy, with some seeing them as a direct threat to Iran and others interpreting them as him paving the way for possible military action.
Interruption of the G7 Summit
The White House confirmed that Trump decided to leave the G7 summit one day early on Monday night due to the sharp deterioration of the situation in the Middle East and go to Washington to hold a National Security Council meeting. French President Macron expressed support for this, believing that Trump's decision created conditions for Israel and Iran to accept the ceasefire agreement proposed by the United States. However, Trump's early departure also caused concerns among some allies, who feared that the United States' leadership in global affairs might be affected.
U.S. official clarification
In response to speculation that the United States might directly participate in military action against Iran, a White House aide explicitly denied the claim. Defense Secretary Pete Hegseth said in an interview with Fox News that Trump's primary goal is still to reach a nuclear agreement with Iran, while emphasizing that the United States will resolutely defend its assets and interests in the Middle East.
The tortuous prospects of ceasefire negotiations
Iran's compromise signal
According to Reuters, citing sources, Iran has sent a message to Trump through Middle Eastern countries such as Oman, Qatar and Saudi Arabia, asking him to put pressure on Israeli Prime Minister Netanyahu to promote an immediate ceasefire. In return, Iran promised to show greater flexibility in nuclear negotiations. Iranian Foreign Minister Araghchi said at X that if Trump really wants to end the conflict through diplomatic means, the next action will be crucial. He also warned that if Israel continues to "aggress", Iran's response will be unrelenting.
Israel's tough stance
Netanyahu reiterated that Israel will not compromise on Iran's nuclear threats and missile programs. He said that military action is the most direct means at present, but it has not completely closed the door to diplomatic negotiations. However, the voices of hardliners in Israel are growing louder and louder, believing that any compromise may weaken national security.
Summary: The complex game of the situation in the Middle East
The fifth day of conflict between Iran and Israel has not only exacerbated the turmoil in the Middle East, but also focused global attention on this sensitive area again. Trump's tough stance, early departure from the G7 summit, and the difficult progress of ceasefire negotiations highlight the complexity and uncertainty of the current situation. The compromise signals released by Iran through third countries are in sharp contrast to Israel's tough stance, and the future direction is still full of variables.
Analysis of the impact on gold prices
The continued tension in the Middle East usually pushes up the demand for safe-haven assets. As a traditional safe-haven asset, the price of gold is often boosted in such geopolitical crises. The escalation of the conflict between Iran and Israel may lead to increased investor concerns about the stability of the global economy, further pushing up gold prices. However, if the ceasefire negotiations make a breakthrough or Trump's diplomatic efforts ease tensions, gold prices may face correction pressure. In the short term, market sentiment will dominate gold price fluctuations, and investors need to pay close attention to the dynamics of the conflict and related diplomatic progress. FOREXCOM:XAUUSD ACTIVTRADES:GOLD PYTH:XAUUSD ACTIVTRADES:GOLD PYTH:XAUUSD
Hormuz oil tanker catches fire, is this Iran’s “shadow war”?Three ships or tankers caught fire in the Gulf of Oman near the Strait of Hormuz.
The burning ships were reportedly located at the Khor Fakkan anchorage near Fujairah on the coast of the United Arab Emirates.
The incident raised concerns about a possible repeat of the 2019 tanker attacks, which were widely believed to be carried out by Iran as tensions in the Middle East increased under Trump's "maximum pressure" campaign.
It is worth noting that the current incident took place at the same location as the previous attack.
Forexlive reported that one of the ships currently on fire may be the "ADALYNN". The specific cause of the fire is still unclear. ADALYNN is a crude oil tanker. There are unconfirmed reports that the fire outside the Strait of Hormuz was caused by a collision between two tankers (ADALYNN and Front Eagle).
After the above news came out, international oil prices rose. However, later US media reported that Trump's team proposed to negotiate with Iran this week, and crude oil and gold prices fell accordingly.
It is worth mentioning that on Monday, the UK Maritime Trade Organization (UKMTO) said it had received multiple reports of increased electronic interference to ships in the Gulf and the Strait of Hormuz, confirmed by automatic identification system monitoring.
Local naval forces also said on Monday that electronic interference to merchant ship navigation systems in the Strait of Hormuz and the wider Gulf region has surged in recent days, affecting ships passing through the area.
The Joint Maritime Information Center (JMIC) of the US-led multinational maritime joint force said in a notice: "JMIC continues to receive reports of electronic interference from the vicinity of Bandar Abbas (Iran), the Strait of Hormuz and several other areas in the Arabian Gulf. These interferences are increasing throughout the region and have a significant impact on the Gulf region itself. This interference is affecting the ability of ships to accurately transmit position data through the automatic identification system, causing operational and navigation challenges to maritime traffic."
There is a straightforward way to think about the financial risks of the current Middle East conflict.
According to this simple view, escalating hostilities between Iran and Israel will only have a major impact on investors if Tehran closes the Strait of Hormuz, blocking a key flow of global oil shipments and causing prices to soar.
There is some truth to this theory, but it underestimates the possibility that other things could go wrong.
As the conflict enters its fifth day, it is clear that cooler heads on both sides are having trouble prevailing. In an interview with Fox News on Sunday, Israeli Prime Minister Benjamin Netanyahu said that regime change in Tehran could be the result of an Israeli military attack on the country. This would make Iran's political leaders feel insecure.
Conventional wisdom holds that escalation would include closing the Strait of Hormuz. But that doesn't mean there isn't a real danger that Tehran's Revolutionary Guards or Yemen's Iran-allied Houthi rebels could set their sights on trade routes through the Gulf.
Iran and its proxies have long been linked to disrupting shipping in the region.
In 2019, two Saudi oil tankers were sabotaged off the coast of Fujairah in the United Arab Emirates. Tehran denied the mine attack, but the United States said it was "almost certainly" from Iran. Hundreds of international ships were targeted as far back as the Iran-Iraq War in the 1980s.
The United States, Europe and Saudi Arabia blamed Iran for the 2019 Abqaiq drone strike, which briefly knocked out half of Saudi oil production, but Iran again denied involvement. The Houthis began launching repeated attacks in the Red Sea last year, prompting most global shipping to detour around Africa.
If Iran and its allies go down that path again, the Bahrain-based U.S. Fifth Fleet would likely intervene to protect maritime trade. But it also raises the possibility that it would be formally drawn into the current confrontation.
Investors who are currently self-soothing have plenty of reasons to feel reassured. They argue that while Israel has expanded its operations from striking Iranian commanders to energy infrastructure, it has avoided Iran's key Kharg Island terminal, a gateway for 90% of its oil exports.
They also see no signs that Tehran will interfere with ships in the Hormuz Corridor. Moreover, oil exports bring in about $50 billion a year for Tehran's battered economy, suggesting that Tehran has good reasons to avoid Hormuz. On top of that, various flashpoints between Iran and Israel in recent years have generally ended quickly.
These reasons explain why Brent crude oil prices continue to hover around $75 a barrel, with relatively small gains since Israel launched its first attack last week.
But Reuters columnist George Hay said that investors who fail to consider the risks mentioned above may simply not have learned the right lessons from history. FOREXCOM:XAUUSD ACTIVTRADES:GOLD FOREXCOM:USOIL PEPPERSTONE:XAUUSD FX:USOIL
Gold rebound continues to be short! (Exclusive trend analysis)Although gold has fallen below 3400, and the short-term direction has changed, the general direction remains unchanged and it is still bullish. 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 can buy the bottom. When there is an opportunity to go long later, Charlie will tell you that in today's market, we can only follow the trend. We will do whatever the market does. We will go short first in the rebound in the next two days! FOREXCOM:XAUUSD VELOCITY:GOLD PYTH:XAUUSD
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
XUA/USD) Bullish trand support level Read The captionSMC trading point update
Technical analysis of (XAU/USD) on the 30-minute timeframe, incorporating a support zone and trendline confluence strategy. Here's a breakdown
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Analysis Summary
Key Technical Elements:
1. Uptrend Channel:
Price is trading within a rising channel.
Higher highs and higher lows indicate bullish momentum.
2. Support Zones:
Key Support Level (near 3,400): A horizontal support zone has been marked where price previously bounced (confirmed by green arrows).
Trendline Support: This upward sloping trendline adds confluence to the horizontal support zone.
3. EMA 200 (3,377.96):
Acts as a dynamic support level.
Price is well above the EMA, supporting bullish sentiment.
4. Projected Price Move:
The chart anticipates a dip back to the support area (~3,400), followed by a bullish bounce.
Target is clearly defined at 3,504.01, with a measured move of about +103.36 points from the support.
5. RSI Indicator:
RSI is around 57, which is neutral to slightly bullish.
No overbought/oversold signal yet – supporting potential for more upside.
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Bullish Bias Reasoning:
Confluence Zone: Horizontal + trendline + EMA 200.
Healthy Price Structure: Higher lows being maintained.
Momentum Indicator (RSI) supports continuation.
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Risks / Considerations:
If price breaks below the confluence support (~3,400), bullish invalidation may occur.
Monitor for false breakouts or heavy selling pressure near resistance.
Mr SMC Trading point
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Trading Plan
Buy Zone: Around 3,400 (support confluence).
SL: Below the trendline/EMA – e.g., 3,370 or lower.
TP: Around 3,504 (target zone marked).
Please support boost this analysis)
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.
Analysis of gold price trend next week!Market news:
Weak U.S. inflation data released earlier this week reinforced expectations that the Federal Reserve will cut interest rates, increasing the appeal of spot gold. It hit a two-month high. The geopolitical tension in the Middle East has caused investors to flock to safe-haven assets. Earlier, Israel's air strikes on Iran have once again raised concerns about a wider conflict in the Middle East. In terms of physical gold, demand in major Asian centers weakened this week due to a sharp rise in prices, and the Indian gold price broke through the important psychological level of 100,000 rupees. As geopolitical tensions in the Middle East intensified over the weekend, gold prices may continue to benefit from risk aversion next week, and London gold prices are expected to target $3,500/ounce at the beginning of next week! Next week will also be affected by the Fed's decision and Powell's speech. In addition, U.S. President Trump will visit Canada from June 15 to 17 to attend the G7 Leaders' Summit. His speech at that time may also affect the fluctuation of international gold prices, which is worth paying attention to.
Technical Review:
From the market point of view, the overall bottoming and rebounding trend of gold this week has undoubtedly laid a strong foundation for buying. It is understandable to follow the trend and rise. However, since the gold price fell back at the end of the week and closed near 3433, I think it is necessary to make a short-term decline judgment on the market trend at the beginning of the week. As the gold price continues to rise, various graphics have formed very obvious and strong support, among which the 3419 line and the 3400 mark shown by the upper track of the daily Bollinger Band are the most important. Once the gold price can stabilize above this area today, the daily support will definitely continue to rise, which will also lay a more favorable foundation for buying to steadily hit new highs. Combined with the risk aversion demand caused by risk events, it is not an exaggeration to expect the gold price to approach the 3500 mark next week! But if the short-term reversal is sold, the 3400 mark is taken, and the daily MACD indicator forms a dead cross green column and continues to increase in volume, then the possibility of selling down to the daily 5-day moving average will be increased. However, whether this possibility can be realized needs to be judged in combination with more factors. After all, the overall trend of gold is still rising. If the adjustment is too strong, it will not only break the trend, but also cause the gold price to fall into a weak trend below 3400 in the short or medium term.
Next week's analysis:
Gold rose again on Friday under the stimulation of risk aversion. Gold was directly bought at 3413 on Friday, and the circle of friends also directly prompted to buy. Gold rose and harvested as expected. Gold has been shrouded in risk aversion in the Middle East these two days. In the short term, the trend of gold is still supported by risk aversion, and it may go up a level. If risk aversion is not relieved at the weekend, it will continue to buy next week. At present, the risk aversion sentiment of gold is constantly escalating, and buying is also strong and irresistible. So before there is a significant change, it is to continue to buy to the end, and the rise is not a top, and go with the trend. Gold's 1-hour moving average is still a golden cross with upward buying divergence, and the buying power of gold is still there! After the rise of gold's safe-haven, gold adjusted sideways in the short term, but it is still oscillating strongly at a high level. Now it is still in the process of rising. If there is no bad news to make gold fall and break, then the short-term volatility of gold is an adjustment in the process of rising, and it will continue to rise at any time. After gold buying breaks through 3400, gold buying sticks to the 3400 line, so if it falls back to 3400 next week, it will continue to buy on dips. If the risk aversion of gold eases and falls below 3400, then we may readjust our thinking.
Operation ideas:
Buy short-term gold at 3405-3408, stop loss at 3396, target at 3450-3470;
Sell short-term gold at 3457-3460, stop loss at 3469, target at 3420-3400;
Key points:
First support level: 3422, second support level: 3405, third support level: 3390
First resistance level: 3446, second resistance level: 3458, third resistance level: 3472
Oil prices soar after Israel attacks IranIsrael launched an airstrike on Iran in the early hours of Friday (June 13), targeting its nuclear facilities, ballistic missile factories and senior military commanders, once again escalating tensions in the region. The head of Iran's Revolutionary Guard was reportedly killed, and the military leader was not the only target. Six Iranian nuclear scientists were also killed in the attack.
Iran has responded by launching more than 100 drones, some of which may have been intercepted by Israel's "Iron Dome" air defense system.
The attack came as the United States and Iran were negotiating a new deal that could have allowed Iran to maintain a limited nuclear program in exchange for reduced sanctions on its oil exports. The next round of talks, originally scheduled for Sunday, has been canceled by Iran, although the United States claims that it was not involved in the night attack.
Crude oil futures give up some early gains
Oil prices soared after news of the attack broke. WTI and Brent crude futures initially jumped more than 10% before retreating, narrowing gains to nearly 6% during European trading hours.
While there are no signs that Israel attacked any Iranian oil facilities, this major escalation has the potential to turn into something more nasty, such as a wider and more prolonged regional conflict. At the very least, the recent nuclear deal has been put on hold, which provides a floor for oil prices even if tensions ease in the coming days.
Dollar rebounds from three-year low
Safe haven assets, including the battered dollar, also rose, while stocks fell sharply. The dollar regained some of its appeal today and rebounded as geopolitical risks intensified. The dollar outperformed other safe haven currencies, including the yen and Swiss franc, despite rising expectations of a Fed rate cut after weak U.S. CPI and PPI data this week.
However, the dollar may still face pressure in the long run: the trade war is not going to end in the short term, while Trump has again raised the possibility of intervening in Fed policy.
On Thursday, Trump expressed his dissatisfaction with the government's annual $600 billion debt interest payments due to high interest rates, saying "I may have to take some coercive measures."
His cryptic comments heightened market anxiety, coming a day after he said on Wednesday that countries would unilaterally set tariffs if no trade deal was reached by the July 9 deadline.
Later today, the focus will turn to the University of Michigan's preliminary consumer confidence survey. Ahead of the data, the dollar rose about 0.3% against a basket of currencies, recovering from a more than three-year low hit yesterday.
Yen edged higher ahead of Bank of Japan decision
The yen was also positive today (except against the dollar), further boosted by a Bloomberg report that Bank of Japan officials expect inflation to be slightly higher than expected this year, even though markets expect no rate hike at next week's meeting.
The June decision is likely to focus on the Bank of Japan's bond-buying program as markets worry that long-term yields have risen too quickly. But any slowdown in the reduction of bond purchases is likely to be accompanied by a more hawkish outlook on short-term rates.
Gold shines as stocks avoid a sharp sell-off
Meanwhile, gold prices broke through the $3,400 mark, heading towards April's all-time high of $3,500. If military tensions between Israel and Iran escalate further, the precious metal could well hit new records. In addition, heightened doubts about whether the U.S. can sign new trade deals with major trading partners in time for the next deadline also provide significant support for gold prices in the short term.
The only surprise is that despite all the uncertainty, stock markets have been relatively resilient: Asian stocks fell less than 1% on Friday, while European stocks and U.S. futures are currently down 1%-1.5%. FX:XAUUSD CMCMARKETS:GOLD VELOCITY:GOLD VANTAGE:XAUUSD ACTIVTRADES:GOLD OANDA:XAUUSD
As conflict escalates, gold is cautiously long📰 Impact of news:
1. The geopolitical situation between Israel and Iran deteriorates
📈 Market analysis:
The worsening geopolitical situation caused a surge in gold prices. The intraday short-term support points of 3420, 3402, and 3380 will all become key support for testing bulls. If the European session is strong, 3420 cannot be lost. If it falls back and loses, it will move closer to the top and bottom conversion position of 3402. If you go long later, you must pay attention to the weakening of the upward momentum. If the European session continues to break the high of 3440, then the US session can be seen around 3468-3493. If the upward momentum in the European session weakens, we need to watch out for a short-selling counterattack and a sharp decline. The geopolitical situation is unstable. Bros must strictly control SL when trading independently.
🏅 Trading strategies:
BUY 3420-3402-3380
TP 3390-3400-3420-3460-3490
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD