Updated Technical Analysis – Gold (XAU/USD) – 30-Minute Chart
Chart Overview:
Instrument: CFDs on Gold (USD/OZ)
Timeframe: 30-minute
Date: June 18, 2025
Price: $3,382.960
Recent Move: -$3.640 (-0.11%)
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Key Observations:
1. Ascending Channel (Green Zone):
Gold has been trending upwards within a well-defined ascending channel.
The price has recently retraced from the upper boundary and is currently testing the midline/lower edge of the channel, indicating a potential rebound zone.
2. Sideways Consolidation (Red Box):
A rectangular consolidation has formed between approximately $3,360 and $3,400, indicating indecision in the market.
Price has been ranging tightly within this box for the past couple of days.
The consolidation is forming within the broader bullish channel, acting as a potential bullish continuation pattern.
3. Price Action and Projections:
The chart shows a possible bounce from the lower boundary of the consolidation and channel zones.
A bullish breakout above $3,400 would likely signal a continuation of the uptrend toward the top of the channel (targeting ~$3,440–$3,460).
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Conclusion:
Gold is in a bullish trend but currently consolidating in a tight range. The support from the lower end of the consolidation and broader channel suggests a likely upside breakout. Watch for a confirmed move above $3,400 for bullish continuation. A breakdown below $3,360 would invalidate the bullish bias and could trigger a short-term pullback toward $3,320–$3,300.
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Suggested Strategy:
Bullish Bias: Buy on breakout above $3,400
Stop Loss: Below $3,360
Target Levels: $3,440 / $3,460
Chart Overview:
Instrument: CFDs on Gold (USD/OZ)
Timeframe: 30-minute
Date: June 18, 2025
Price: $3,382.960
Recent Move: -$3.640 (-0.11%)
---
Key Observations:
1. Ascending Channel (Green Zone):
Gold has been trending upwards within a well-defined ascending channel.
The price has recently retraced from the upper boundary and is currently testing the midline/lower edge of the channel, indicating a potential rebound zone.
2. Sideways Consolidation (Red Box):
A rectangular consolidation has formed between approximately $3,360 and $3,400, indicating indecision in the market.
Price has been ranging tightly within this box for the past couple of days.
The consolidation is forming within the broader bullish channel, acting as a potential bullish continuation pattern.
3. Price Action and Projections:
The chart shows a possible bounce from the lower boundary of the consolidation and channel zones.
A bullish breakout above $3,400 would likely signal a continuation of the uptrend toward the top of the channel (targeting ~$3,440–$3,460).
---
Conclusion:
Gold is in a bullish trend but currently consolidating in a tight range. The support from the lower end of the consolidation and broader channel suggests a likely upside breakout. Watch for a confirmed move above $3,400 for bullish continuation. A breakdown below $3,360 would invalidate the bullish bias and could trigger a short-term pullback toward $3,320–$3,300.
---
Suggested Strategy:
Bullish Bias: Buy on breakout above $3,400
Stop Loss: Below $3,360
Target Levels: $3,440 / $3,460
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t.me/+YwLgml0NKSk1NDI0
✔All Pair Signals Provides
✔XAUUSD EXPERT
✔CONTACT +447543941879
✔REGISTERED UNDER THIS BROKER
partners.vantagemarkets.com/ib-cpa-register/?url=ib&affid=7264705
✔Referral code 7264705
✔All Pair Signals Provides
✔XAUUSD EXPERT
✔CONTACT +447543941879
✔REGISTERED UNDER THIS BROKER
partners.vantagemarkets.com/ib-cpa-register/?url=ib&affid=7264705
✔Referral code 7264705
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.