GOLD MARKET ANALYSIS AND COMMENTARY - [Jun 23 - Jun 27]This week, after opening at $3,369/oz, OANDA:XAUUSD prices fluctuated within a fairly narrow range, from only $3,340-$3,374/oz, and closed at $3,368/oz. The fact that gold prices closed this week close to the opening price shows that investors are hesitant in the current context.
The reason why gold prices are still fluctuating within a narrow range this week is because US President Donald Trump gave Iran a 2-week deadline to consider negotiating an end to the conflict with Israel, even though the Israel-Iran conflict is still raging.
In addition, on June 12, the Fed kept interest rates unchanged at 4.25% - 4.5%, while adjusting its forecast for US GDP growth lower and raising its estimate for near-term inflation. Fed Chairman Jerome Powell acknowledged that tariffs would push up prices and weigh on economic activity. Although two rate cuts are expected before the end of the year, Powell said the Fed may wait for more clarity before cutting rates.
Next week, the Fed Chairman will hold two semiannual monetary policy hearings before the US House and Senate committees on Tuesday and Wednesday. If Fed Chairman Powell hints at a rate cut in September 2025, the USD could fall against other major currencies, causing gold prices to rise next week. Conversely, if the Fed Chairman emphasizes that they will continue to prioritize controlling inflation and is in no hurry to cut interest rates, the USD will rise, thereby pushing gold prices down next week.
📌Technically, the gold price on the H4 and D1 charts is stuck between the range of 3295-3450, which is an important support level around 3295, and the resistance level at 3450.
The current price is moving sideways and accumulating in smaller time frames, and the trend has not been clearly defined when it has not broken through the above two resistance levels.
There are two scenarios for gold.
In the long-term framework, if it breaks through the 3450 zone and breaks the trend at the same time, it is expected that the gold price will set a new high.
In the case that the gold price trades below the 3300 round resistance, and at the same time the 3295 support zone is broken, it is easy to form a head and shoulders pattern on the H4 chart.
Notable technical levels are listed below.
Support: 3,350 – 3,320 – 3,300USD
Resistance: 3,371 – 3,400 – 3,435 – 3,500USD
SELL XAUUSD PRICE 3412 - 3410⚡️
↠↠ Stop Loss 3416
BUY XAUUSD PRICE 3294 - 3296⚡️
↠↠ Stop Loss 3290
Signals
Geopolitical Spike Fades Fast – Gold Eyes 3300As highlighted in Friday’s analysis, the daily and short-term charts remain messy, but the weekly chart is leaning clearly bearish – with a potential Dark Cloud Cover candlestick formation now confirmed.
🌍 Geopolitical Gap Up... and Quick Rejection
Monday’s Asian open brought a gap up, triggered by renewed tensions in the Middle East. But price failed to break above 3400 and quickly reversed – a textbook sign of weakness, not strength.
🧭 Technical View:
- The weekly candle closed as a Dark Cloud Cover, a strong bearish reversal signal
- The lack of follow-through after the gap up further confirms sellers are still in control
- Price remains below the key 3400 level, showing no bullish momentum behind recent spikes
📌 Trading Plan:
I continue to sell rallies, with an initial target near 3300. If bearish momentum builds, lower levels are in play.
Let the chart lead – don’t get distracted by the noise.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
NATGAS SUPPORT AHEAD|LONG|
✅NATGAS is going down now
But a strong support level is ahead at 3.450$
Thus I am expecting a rebound
And a move up towards the target of 3.600$
LONG🚀
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AUD-CAD Will Go Down! Sell!
Hello,Traders!
AUD-CAD made a retest
Of the wide horizontal
Resistance around 0.8934
And we are already seeing a
Local bearish reaction so
We will be expecting a
Further bearish move down
Sell!
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CAD_CHF RETESTING LOWS|LONG|
✅CAD_CHF will be retesting a support level soon around 0.5830
Which is a deeps low for the pair
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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GBP-CHF Support Ahead! Buy!
Hello,Traders!
GBP-CHF is going down now
And the pair will soon hit a
Horizontal support level below
Around 1.0933 from where
We will be expecting a
Local rebound and a move up
Buy!
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US30: The Market Is Looking Up! Long!
My dear friends,
Today we will analyse US30 together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 43,045.6 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 43,152.9.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
SILVER: Strong Bullish Sentiment! Long!
My dear friends,
Today we will analyse SILVER together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 35.758 will confirm the new direction upwards with the target being the next key level of 36.094 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
EURUSD: Bears Are Winning! Short!
My dear friends,
Today we will analyse EURUSD together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 1.16242 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
GOLD: Next Move Is Down! Short!
My dear friends,
Today we will analyse GOLD together☺️
The market is at an inflection zone and price has now reached an area around 3,303.99 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 3,285.33..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
Lingrid | BTCUSDT potential Bullish Momentum after Fake BreakoutBINANCE:BTCUSDT just reclaimed the support area after a deep liquidity grab below 100,000, rebounding sharply toward the mid-range. Price is still trapped below the descending resistance trendline, but the recent fake break and reversal signal a bullish shift in momentum. If bulls hold above 100K, a breakout toward 105,000 looks increasingly probable.
📈 Key Levels
Buy zone: 99,000–100,500
Sell trigger: break below 99,000
Target: 105,000
Buy trigger: strong breakout above the descending blue trendline
💡 Risks
Retesting resistance at 105,000 may trigger a pullback
Descending structure still intact until breakout confirms
Sharp volatility spikes could invalidate short-term setups
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
GOLD falls after Trump's statement, but skepticism remainsOn Tuesday (June 24) in the Asian market, spot OANDA:XAUUSD continued to decline. The current price of gold is around 3,340 USD/ounce, down sharply by about 30 USD. Gold traders are awaiting congressional testimony from Fed Chairman Jerome Powell as the ceasefire between Iran and Israel takes place.
On Monday evening local time, US President Trump announced that Israel and Iran have reached a complete agreement to achieve a comprehensive ceasefire. After Trump announced the news, spot gold prices fell sharply by more than 30 USD in the early morning trading session in Asia on Tuesday, which lasted until the time of writing.
Federal Reserve Chairman Jerome Powell will deliver his semiannual monetary policy report before the House Financial Services Committee on Tuesday.
Looking ahead, all eyes will be on Federal Reserve Chairman Jerome Powell’s two-day congressional testimony starting on Tuesday for fresh clues on the timing of the next rate cut.
The market is now pricing in a 21% chance of a Fed rate cut next month, up from a 14.5% chance on Friday, according to CME Group’s FedWatch tool.
Additionally, markets will continue to closely monitor the Iran-Israel conflict to see if the ceasefire can hold. The Israeli military continues to report that Iran has launched ballistic missiles into Israel.
Technical Outlook Analysis OANDA:XAUUSD
Gold is down and operating around the EMA21 moving average and technically, gold is currently in the best support area. Specifically, gold is operating at the EMA21, the technical indicator is noted as an important support for the short-term uptrend, followed by the horizontal support of 3,320 USD. Combined with the price action position, the Relative Strength Index (RSI) is above 50, and 50 is now acting as a support in terms of momentum for the possibility of price increase.
However, if gold sells below the 0.382% Fibonacci retracement level, it could be bearish, with the next target being the 0.50% Fibonacci retracement level at $3,228. Therefore, the area of the $3,300 base point is a very important support area for the long-term uptrend.
Intraday, with the current position, gold can still increase in price with the short-term target at $3,371 followed by the $3,400 base point.
Notable positions will also be listed as follows.
Support: $3,300 – $3,292
Resistance: $3,350 – $3,371
SELL XAUUSD PRICE 3407 - 3405⚡️
↠↠ Stop Loss 3411
→Take Profit 1 3399
↨
→Take Profit 2 3393
BUY XAUUSD PRICE 3304 - 3306⚡️
↠↠ Stop Loss 3300
→Take Profit 1 3312
↨
→Take Profit 2 3318
High Probability BUY Zone at The Edge📍 XAUUSD – High Probability BUY Zone at The Edge
Gold is currently reacting at a high probability BUY area, supported by multiple technical confluences:
✅ $3,300 Round Number: Psychological level and historical reaction zone
✅ Completion of 2nd Bearish Leg: A classic two-leg correction often signals exhaustion
✅ Retest of Uptrend Boundary: Long-term ascending trendline that has supported price since March
📌 Entry: Current price zone
🎯 TP1: Local highs ($3,353)
🎯 TP2: Mid-channel or upper resistance zone ($3,398)
❌ SL: 3263
This is a textbook trend continuation setup — the structure remains bullish unless proven otherwise.
Wait for confirmation or manage your risk accordingly.
—
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ETHEREUM Massive rally up ahead.Ethereum (ETHUSD) is trading on its 1M MA50, having recovered half of the Trade War losses. Still underperforming against most of its peers but as we've entered the 2nd half of the year, the traditional Bull Cycle rally is up ahead. We expect at least a 0.5 Fibonacci level test of the Channel Up, targeting 7500.
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DOW JONES about to skyrocket based on the Gold/Silver ratio!Dow Jones (DJI) has been basically consolidating for the past month or so, following the massive April 7th bottom rebound but there is a very distinct indicator that shows it is about to skyrocket.
That is the Gold/ Silver ratio (blue trend-line). Gold (XAUUSD) as a safe haven, attracts capital in times of market uncertainty. Silver (XAGUSD), as a metal of industrial use, attracts capital in times of economic boom and prosperity.
In the past 6 years more particularly, every time the Gold/ Silver ratio declined, Dow started rising aggressively (exception July-Aug 2019, when the market rose straight after), as investors clearly showed their risk-on appetite by buying Silver (optimism) at the expense of Gold (fear).
Dow's current consolidation indicates that there may be high accumulation in the past month and the ratios extended decline suggests a skyrocket move is up next.
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Lingrid | EURUSD Pullback - Awaiting Trend Continuation SignalFX:EURUSD is consolidating above the upward trendline after forming a triangle within the broader ascending channel. The recent pullback tested the 1.1444 support zone, with a rebound hinting at renewed bullish pressure. A push beyond 1.1620 could unlock upside toward the 1.1700 resistance mark.
📈 Key Levels
Buy zone: 1.1444–1.1470
Sell trigger: breakdown below 1.1444
Target: 1.16200
Buy trigger: breakout above 1.1523 resistance
💡 Risks
Triangle breakdown could shift the short-term bias bearish
Failure to reclaim 1.1620 may stall bullish momentum
A sharp drop below the black trendline would invalidate the structure
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
GOLD Will Go Higher! Long!
Here is our detailed technical review for GOLD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 3,326.73.
The above observations make me that the market will inevitably achieve 3,359.56 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDJPY Will Go Up! Buy!
Take a look at our analysis for USDJPY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 145.018.
Taking into consideration the structure & trend analysis, I believe that the market will reach 146.793 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBPUSD Will Move Lower! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.360.
Considering the today's price action, probabilities will be high to see a movement to 1.333.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
EURAUD Is Bearish! Short!
Here is our detailed technical review for EURAUD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.781.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.759 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
BITCOIN Trump and the 1D EMA100 saved the day!Bitcoin (BTCUSD) rebounded yesterday on its 1D EMA100 (green trend-line) and along with Trump's truce announcement between Israel and Iran, it sent the market into a buying frenzy and back above the $105k mark.
Technically, the 1D EMA100 isn't something to be ignored as since the November 2022 market bottom, each Bullish Leg (Channel Up) that started had a contact (or near) with it that resulted into a considerable bullish extension.
The 1st Channel Up even breached below it, but after rebounding, it reached the 1.382 Fibonacci extension before the next correction. The 2nd Channel Up rebounded exactly on the 1D EMA100, and reached the 1.618 Fibonacci extension. The 3rd Channel Up almost hit the 1D EMA100 and then rebounded to the 2.0 Fibonacci extension.
It is obvious that the pattern follows a progression and each Fib extension peak is higher than on the previous Channel Up. As a result, it is not unlikely to see a High even above the 2.0 Fib ext ($168k) on the current (4th) Channel Up, however on the short-term we would still welcome the 1.382 Fib 'minimum' expectation, targeting $130000.
Do you think we should at least be expecting that? Feel free to let us know in the comments section below!
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Lingrid | AVAXUSDT strong REBOUND from the SUPPORT zoneCRYPTOCAP:AVAX is rebounding from the lower boundary of its descending channel after a deep sweep into the buying area near 17.00. The price formed a local bottom and is attempting to reclaim the 17.45–18.50 resistance band, hinting at early bullish intent. If buyers sustain this recovery, a test of the 20.00 psychological barrier could follow.
📈 Key Levels
Buy zone: 16.20–17.00
Sell trigger: breakdown below 15.80
Target: 20.00
Buy trigger: breakout and retest of 18.50 resistance
💡 Risks
Failure to break 18.50 may trap longs below key resistance
Breakdown from support invalidates current bullish setup
Broader downtrend still dominant unless 20.00 is reclaimed
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!