👀 Possible scenario:
Gold (XAU) rose 0.35% on June 25 as a weaker U.S. dollar and falling Treasury yields boosted demand. Investor sentiment shifted amid concerns over economic softness and potential Fed rate cuts. Safe-haven interest also remained strong due to fragile Middle East ceasefire talks and upcoming U.S.-Iran negotiations. Fed Chair Powell struck a cautious tone on easing, citing inflation risks from tariffs.
On June 26, investors are closely watching key macroeconomic data set for release at 12:30 p.m. UTC, including GDP growth and jobless claims. The results could shape monetary policy expectations and impact gold’s direction.
✅Support and Resistance Levels
Support level is now located at 3,295.00.
Now, the resistance level is located at 3,400.00.
Gold (XAU) rose 0.35% on June 25 as a weaker U.S. dollar and falling Treasury yields boosted demand. Investor sentiment shifted amid concerns over economic softness and potential Fed rate cuts. Safe-haven interest also remained strong due to fragile Middle East ceasefire talks and upcoming U.S.-Iran negotiations. Fed Chair Powell struck a cautious tone on easing, citing inflation risks from tariffs.
On June 26, investors are closely watching key macroeconomic data set for release at 12:30 p.m. UTC, including GDP growth and jobless claims. The results could shape monetary policy expectations and impact gold’s direction.
✅Support and Resistance Levels
Support level is now located at 3,295.00.
Now, the resistance level is located at 3,400.00.
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.
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.