Bearish pressure below 3,300 at the start of the week
📌 Driving Events
Gold prices (XAU/USD) faced renewed selling pressure in early Asian trading on Monday, falling to the $3,320 level. Gold's pullback came as stronger-than-expected U.S. nonfarm payrolls data for June reshaped market expectations for the Federal Reserve's (Fed) policy path. Investors are now turning their attention to the Federal Open Market Committee minutes, which will be released on Wednesday, for further guidance.
The U.S. added 147,000 jobs in June, better than expected and slightly higher than the revised 144,000 in May. Meanwhile, the unemployment rate remained stable at 4.1%. These data reinforce the view that the labor market remains resilient, reducing the likelihood of an imminent rate cut by the Federal Reserve. As a result, the U.S. dollar strengthened, weighing on non-yielding assets such as gold.
📊Comment Analysis
The decline at the beginning of the week, gold prices give up accumulation below 3300
💰Strategy Package
⭐️Set gold price:
🔥Sell gold area: 3337-3339 SL 3344
TP1: $3328
TP2: $3312
TP3: $3300
🔥Buy gold area: $3297-$3295 SL $3290
TP1: $3308
TP2: $3320
TP3: $3330
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
Goldlongterm
Trump's new tariffs are coming, will gold soar?
✏Hello everyone, let's comment on the gold price next week (July 7, 2025-July 11, 2025)
. ⭐️Gold Information:
This week, the spot gold price showed a trend of rising first and then falling. From Monday to Wednesday, driven by safe-haven demand and the weakness of the US dollar, the gold price recorded three consecutive increases, climbing rapidly from US$3,271/ounce to the intraday high of US$3,365/ounce on Wednesday afternoon, showing strong upward momentum. However, on Thursday, before the release of the June non-farm payrolls data, market sentiment turned, and the gold price plummeted to US$3,312/ounce, the largest single-day drop in the week. On Friday, affected by the light trading during the US Independence Day holiday, the gold price fluctuated between US$3,330 and US$3,355/ounce, closing at around US$3,337/ounce, up about 1.91% for the week.
U.S. President Donald Trump announced that the U.S. will begin sending formal letters to trading partners on Friday, ahead of a July 9 deadline, outlining new tariffs ranging from 10% to 70%, which will take effect on August 1. Treasury Secretary Scott Bessant added that a series of trade agreements are expected before the deadline, with an estimated 100 countries facing reciprocal tariffs of at least 10%. He also hinted that some agreements will be announced soon.
⭐️Labaron personal comment:
Gold prices continue to consolidate sideways, fluctuating in the 3242-3450 range
The following important key areas have been identified:
Resistance: $3362, $3393, $3446
Support: $3312, $3279, $3241
Gold accumulates and breaks through 3350 points
⭐️Personal comments:
Gold price rebounded around 3350. There was no important news and bank holidays in the US session on Friday, so it rebounded in the short term
⭐️Set gold price:
🔥Sell gold area: 3365-3367 SL 3372
TP1: $3355
TP2: $3342
TP3: $3330
🔥Buy gold area: $3311-$3313 SL $3306
TP1: $3325
TP2: $3338
TP3: $3350
Gold fluctuates during the day, short-term profits will be left
📌Main driving events of gold
The big non-agricultural data in the United States caused the gold price to fall by almost 40 US dollars in one breath, but after a short emotional storm, the market returned to calm. Today's market began to bottom out and rise. As of now, the non-agricultural market has been backed by 50%, and the energy of the shorts has been basically digested. Next, the bulls will start to exert their strength! Today's direction is still the same and continue to be bullish!
📊Comment analysis
In the US market, the gold price rebounded after the decline and the bottom of the second retracement appeared. The support level is 3322. After a night of fluctuations, gold has begun to rise, and the low point has begun to rise. The key point of the day is still 3323. In the morning, we wait for the gold price to fall back to around 3323 and we will buy the bottom and go long. We don’t expect to surpass yesterday’s high point during the day, but at least it will go to 3350!
💰Strategy Package
Long position:
Gold long at 3322-3327, stop loss 3315, target 3350-3360
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
Gold grows, recovers near 3390
📣Gold News
Gold prices edged higher during the North American trading session as investors turned their attention to the upcoming U.S. non-farm payrolls report (NFP), which could influence the Fed's next policy move.
The latest labor data showed that companies are pausing hiring rather than laying off employees, reflecting caution in an uncertain economic environment. Meanwhile, Microsoft's decision to lay off 9,000 employees has heightened concerns about a weak labor market.
Traders are currently awaiting the official employment report from the U.S. Bureau of Labor Statistics on Thursday, which is expected to show 110,000 new jobs in June, down from 139,000 in May. The unemployment rate is expected to rise slightly to 4.3%, still within the 4.4% range of its forecast according to the Fed's latest summary of economic projections.
📣 Technical Analysis
NF is worth buying before the news release, holding. The dollar continues to be under selling pressure from investors worried about the Trump administration's erratic tariff policy.
💰Set Gold Price:
💰Sell Gold Zone: 3390-3398 SL 3405
TP1: 3380 USD
TP2: 3363 USD
TP3: 3350 USD
💰Buy Gold Zone: 3296-3294 USD SL 3289 USD
TP1: 3308 USD
TP2: 3318 USD
TP3: 3330 USD
⭐️Technical Analysis:
Set reasonable buy orders based on technical indicators EMA 34, EMA89 and support and resistance areas.
Gold prices have risen sharply. How should we trade gold?
📣Gold news:
US Senate passes Trump tax reform bill. Trump wins major victory
Trump's signature tax and spending cuts bill passed the Senate on Tuesday. Republican leaders finally convinced dissenting lawmakers after a hard fight, helping Trump win another political victory.
Trump refuses to extend July 9 tariff deadline
US President Trump reiterated on Tuesday that he has no intention of extending the 90-day suspension of reciprocal tariffs on most countries after it expires on July 9.
When asked whether he would extend the suspension of tariffs, Trump replied on Air Force One: "No, I haven't thought about it. I will write to many countries to notify them of the tariff rates they will face."
Gold (XAU/USD) struggled to extend its two-day rally, fluctuating narrowly in the Asian session on Wednesday, just below Tuesday's one-week high. The dollar's slight rebound - from its lowest level since February 2022 - put pressure on gold. Moreover, improving market sentiment continues to weaken demand for safe-haven assets such as gold, further limiting its upside.
⭐️Technical Analysis:
Trend lines are steadily picking up, and continued buying could move towards 3383 based on today's ADP-NF data
💰Set Gold Price:
💰Sell Gold Zone: 3375-3385 SL 3395
TP1: $3370
TP2: $3360
TP3: $3350
💰Buy Gold Zone: $3315-$3310 SL $3305
TP1: $3320
TP2: $3330
TP3: $3340
⭐️Technical Analysis:
Set reasonable buy orders based on technical indicators EMA 34, EMA89 and support resistance areas.
This is the reason why gold suddenly "changed its face"!
📣 Gold News
Spot gold closed up $28.59, or 0.87%, at $3,302.71 per ounce on Monday. Gold prices fell to around $3,246 per ounce in early Asian trading, the lowest level since May 29.
At 21:30 Beijing time on Tuesday, Federal Reserve Chairman Powell, European Central Bank President Lagarde, Bank of England Governor Bailey, Bank of Japan Governor Kazuo Ueda, and Bank of Korea Governor Lee Chang-yong will hold a group meeting.
Last Tuesday and Wednesday, Federal Reserve Chairman Powell attended a congressional hearing and said that the Fed needs more time to observe whether tariffs make inflation rise higher before considering cutting interest rates.
Powell said in his congressional testimony that he and most Fed officials expect inflation to start to pick up soon, and the Fed is not in a hurry to cut interest rates before that.
Powell said: "At present, we have good conditions to wait and further understand the possible development path of the economy before considering whether to adjust the policy stance." Yesterday, gold opened at $3381.6 and quickly fell back, reaching a low of $3248.8, then rebounded, rebounded in the early trading and touched $3270 and fell again, gold fell back, reaching a low of $3259.4, then gold did not continue to fall, and rebounded. Gold continued to rebound in the European and American markets, with the highest rebound in the US market reaching $3309.4, and finally closed at $3002.9 in the late trading. The monthly line closed with a long upper shadow line and a shooting star pattern. After such a pattern ended, today's gold rebounded high, and the upper resistance focused on the $3326 line. The rebound relied on the resistance below here to short, and the lower side looked at the $3295 line.
6.30 Four-hour resistance determines the strength of the reboundAt the weekly level, the short-term focus is on the adjustment and continued breaking of the weekly support. As time goes by, the weekly support is at the 3285 watershed. At the daily level, after the price broke the daily support last week, the price continued to rely on the daily resistance to bear pressure. At present, the daily resistance is at the 3355 area resistance. Below this position, gold can continue to be shorted. At the four-hour level, the four-hour key position is the key to our emphasis on short-term trends. At present, the four-hour watershed is in the 3300 area, so the focus is on the gains and losses of this position. Before it breaks up, the short-term focus will be on the pressure first, but once it breaks up, it will need to focus on the rebound to the daily resistance. From the one-hour perspective, the bottom rebounded during the early morning session and broke through the high point of the previous trading day’s early morning retracement, so the short-term is still in adjustment. Temporarily pay attention to the gains and losses of the 3300 position, and treat it as the right-side trading method in terms of operation.
Next week's market trend analysisShort-term technical analysis of gold next week:
After gold was horizontally consolidated below 3400, it had two relatively large retracements. The short-term downward channel, the upper edge of the channel is currently around 3340, which is also the turning point of the short-term long and short cycles that we need to pay attention to later.
Has the current big rhythm entered a weak position?
Daily level analysis: After reaching 3500, gold is still in a trend of high-level consolidation, and there is a periodic switch between long and short positions, and there is no extremely strong or weak rhythm. In this consolidation process, there are two relatively large retracements: the first from 3500 to 3200 space 300 points, the second from 3435 to 3120 space 315 points. In other words, in the current daily level cycle, the maximum decline is around 300 US dollars. Not exceeding this maximum retracement value, to a certain extent, it is still in the rhythm of high-level correction. According to the range of this space retracement, the limit of the daily retracement is around 3150, with an error of about 20 points. However, the daily range is large, so it is too early to talk about this threshold.
At present, the short-term pressure points of 0.618 and the top and bottom structures are all around 3300. Another point for everyone to pay attention to: in the market with a small cycle of negative decline, once there is a sideways trend. Don't take it as support! The price is consolidating horizontally, which only means that the current bulls are weak in pulling back and the change of weakness must be a strong pullback to break through the big negative. Similarly, the slow rise market is the same.
The first support below in the short term is around 3250. The strong support is at the integer level of 3200. Once this position is reached, it will become a repeated test position like 3400.
6.27 Gold rebounds and adjusts, don't chase shorts at low levelsGold fell below this week's low of 3295 today. As of now, gold has hit 3285 and is fluctuating. Don't chase the short position and short it when it rebounds. Now you can only wait patiently for the rebound before entering the short position. Be a steady hunter and wait patiently for the appearance of prey!
Gold is now focusing on the short-term suppression of the upper 3301-3306 line, focusing on the suppression of the upper 3314-16 line, and the support below is 3276-80. Short it when it rebounds.
Strategy ideas:
1. Gold rebounds to 3301-3306 line and shorts lightly, rebounds to 3314-16 line to cover short position, stop loss 3324, target 3280-85 line;
Gold fluctuated and fell, and the rebound was directly short
📣Gold News
Due to the easing of the situation in the Middle East, gold has fallen in the past few days, and the market has been eagerly looking forward to the interest rate cut, because the tariffs in the Trump era may push up inflation, but it has not come yet. "
On Thursday, the U.S. Department of Labor and Commerce issued key economic data, including initial jobless claims and the final value of real GDP in the first quarter. The number of initial jobless claims was 236,000, a decrease of 9,000 from 245,000 in the previous week, better than the market expectation of 245,000. At the same time, as of June 14, the number of continued unemployment claims in the week increased by 37,000 to 1.974 million, a new high since November 2021. Gold stopped below the moving average today. Gold did not continue the small positive line rise, and the decline continued during the U.S. trading period.
Today, focus on the continuation of short positions, comprehensive Labaron believes that gold is bearish today. For today's operation, consider rebound shorting as the main, and low long as the auxiliary.
📣 Pay attention to the resistance of 3330-3345 US dollars above
📣 Pay attention to the support of 3300-3280 US dollars below
💰 Go long near 3295-3285, target 3310-3320
💰 Go short near 3330-3340, target 3000-3290
If you have just entered the market, you are confused about the market of gold, oil and silver, and you always do the opposite operation direction and the entry price is unstable. I hope Labaron's article will help you.
6.27 Risk aversion dissipates and gold prices adjust! The range As the Middle East war came to an end, the risk aversion sentiment in the global financial market subsided, the risk aversion funds dissipated, and the three major bullish markets of gold, crude oil, and silver all fell downward; at the same time, the US dollar index broke a new low !
Fundamentals:
1: The Middle East war has been temporarily paused, and both sides have entered the adjustment phase; however, irreconcilable contradictions may become the starting point of the next war at any time; although it has ended for now, we must not slack off. Once the two sides are on the verge of a war again, risk aversion will sweep the world again; this is not impossible;
This Middle East war came suddenly and ended suddenly; it was like a child's play washing the global financial market; therefore, the possibility of a resumption of war cannot be ruled out in the future;
At present, in the overall market:
1: In the short cycle, the gold price fluctuates downward, so in the short term, the short-term decline is seen, and the fluctuation is downward;
2: In terms of trend, the range is temporarily contracted, the BOLL of the daily K is contracted, the speed slows down, and the overall range is back to the range of fluctuations; there is no obvious long and short trend, and it returns to the range of fluctuations;
Today's technical trend chart:
1: In 4 hours, the stochastic indicator crosses downward, which is a main empty signal; in terms of form, it is temporarily under pressure from the central axis track of the 4-hour BOLL, and the empty trend continues downward, and the form tends to continue to oscillate downward; therefore, it is recommended to choose the high-altitude approach for 4 hours;
2: In the daily K, the stochastic indicator continues to cross downward, which is a empty signal; in terms of form, it is temporarily a broken Yin and Yang pattern, with no obvious trend; BOLL forms a contraction, the range of 3417-3277, the range is mainly in an oscillating trend, and the strong and weak dividing point is near 3347;
Comprehensive: The daily K is mainly in an oscillating trend, so it is recommended to deal with it according to the oscillating trend, choose to buy low and sell high; the reference pressure position is near 3347, the support position is near 3295 and 3278; the second pressure position is 3390-3400 pressure position; continue to choose the oscillating approach, and play a oscillating treatment of buying low and selling high;
6.26 Gold intraday analysis and forecast—During the European session on Thursday (June 26), spot gold prices fluctuated significantly during the day, first falling and then rebounding, and are currently around 3337.60, fluctuating in a wide range.
The rebound from Tuesday's low of $3295 has risen above the previous support of $3340 (June 20 low), confirming a deeper bullish correction. The currency pair may be in the C-D leg of a small Gartley pattern, moving towards the downward trend line resistance since the mid-June high (previously $3450, currently $3365).
A break above this level will mark a trend reversal and shift the focus to the $3400 line, which suppressed bulls on June 17, 18 and 22.
On the downside, if the above trend line is blocked, it may first seek support at the intraday low of $3330 before looking at the previously mentioned $3295 (June 9 and 24 lows).
Can we still go long if the decline of gold intensifies?
📊Comment Analysis
Looking back at today's trend, it rose to a high of 3350, and then continued to retreat. The current low is 3310. At present, due to the upward trend line broken by the hourly line, many orders can only be short. The trend is still biased to the short side, and the current market risk aversion does not facilitate the longs. But first of all, one thing can be confirmed that this round of gold decline lasted for a long time, which also enhanced the execution of gold to go long near 3310-3320 in the future.
Since gold has fluctuated greatly in the past two days, it means that the end point of emotions will not disappear so easily for the time being. In the short-term K-line pattern, continuous short-side artillery should not be constantly changed and increased. It is necessary to stop and see appropriately. The early trading is relatively difficult to grasp, but at least the current market has given some signals, so I hope that when the market is in place, your execution will be strong enough, and then you can look at gold according to the trading signals I gave. The rehearsal is definitely exciting enough, but the actual operation is not that simple!
💰Strategy Package
Gold: Pay attention to the low-long opportunities of 3310-3220 in the US market, and defend at the 3300 line. If the retracement continues, go long directly. Otherwise, the upper resistance will be around 3345!
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
6.26 Gold intraday operation strategy, rebound 42-48 line shortFrom the 4-hour analysis, the upper resistance is around 3342-48. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The short-term support below is around 3314-3316 integers. The upper pressure is around 3342-48. The overall support relies on this range to maintain the main tone of high-altitude low-multiple cycles. The short-term long-short watershed is 3370. It is difficult to say that it is strong before the daily level breaks through and stands on this position. I will remind you of the specific operation strategy during the session, so please pay attention to it in time.
Gold operation strategy:
1. Short the gold rebound at 3345-48, stop loss at 3356, target 3317-3325, and continue to hold if it breaks;
6.26 Gold intraday analysis guideOn Wednesday (June 25), international spot gold rose slightly during the US trading session, but was still suppressed by the 20-day moving average (US$3,355). The RSI (14) was at 48.7, in the neutral range of 40-60, suggesting that the market lacks a clear direction. US$3,355 (20-day moving average) has become the recent watershed between long and short positions. If it breaks through this level, it may test the psychological barrier of US$3,400. The support below is US$3,245 (the low point on May 29). If it fails, it may drop to the integer level of 3,200 and US$3,121 (the low point on May 15). Stability of the geopolitical situation: If the ceasefire agreement in the Middle East continues, the outflow of safe-haven funds may further suppress the gold price. Fed policy expectations: If the July non-agricultural and CPI data show that inflation is cooling down, it may rekindle expectations of interest rate cuts and boost gold. The current gold market is in a "wait-and-see mode", and both long and short sides lack decisive momentum. Traders need to pay close attention to: US economic data: especially employment and inflation indicators for the Fed's policy path. Geopolitical dynamics: Any breakdown of the ceasefire agreement could quickly push up safe-haven demand. Dollar trend: If the Fed maintains a hawkish stance, a stronger dollar may further suppress gold prices. Gold is expected to maintain range fluctuations in the short term, with the $3,355 moving average resistance and $3,245 support forming a key trading range. The direction of the breakthrough depends on new fundamental catalysts.
Personal operation analysis:
Trend: Oscillating trend
Support: Near 3,300.00
Resistance: Near 3,335.50
Strategy:
View logic: Short view near 3,335-3,340, stop loss 3,345, take profit near 3,300--3,280, and follow the stop loss 300 points.
The latest analysis of gold trend on June 25From the perspective of technical analysis, based on the daily level, the gold price is expected to be further under pressure in the future. At the daily level, the current focus is on the 3370 area resistance. The 1-hour line shows that the short-term pressure is at the position of the previous upward trend line retracement. Due to the short-term market volatility and decline, it is necessary to temporarily focus on the current downward trend line area resistance, which is also the daily and four-hour resistance area. The 3330-3315-3310 area will be followed below. If the market is in an extremely weak state, the gold price is expected to test the 3330-3270 area. From the indicator signal, the RSI oscillation around 50 shows that the market is balanced between long and short forces, the MACD red column shrinks, and the fast and slow lines flatten, indicating that the bullish momentum is weakened; the KDJ high dead cross shows that the short cycle may be corrected.
Comprehensive technical analysis, today's short-term operation strategy for gold is mainly rebound short selling, supplemented by low long selling. The short-term focus on the upper side is the 3370 - 3380 resistance line, and the short-term focus on the lower side is the 3330 - 3315 support line.
Bearish Continuation Pattern Detected on GOLD/USD Bearish Continuation Pattern Detected on GOLD/USD 📉
📊 Chart Analysis Summary:
The GOLD/USD chart shows a clear bearish continuation pattern, following a rejection from a major resistance zone.
🔍 Key Technical Highlights:
🔺 Resistance Zone:
Strong resistance at 3,420 – 3,440 USD, marked by multiple rejections (🔴 red arrows).
Price formed a Bearish Harmonic Pattern (likely a Gartley or Bat), suggesting reversal from this resistance.
🔻 Bearish Momentum:
After the pattern completed, price broke below the minor support structure and is currently forming lower highs and lower lows, indicating bearish structure.
📉 Support Level:
Strong horizontal support zone around 3,298 – 3,300 USD, marked as “TARGET.”
This area was previously tested (🟠 orange circles) and now projected to act as a target level again.
🔄 Minor Retracement Zone:
Expecting a minor pullback to 3,347 USD (purple line) before potential continuation downward.
This zone aligns with the previous support turned resistance (classic SR flip).
🎯 Target Projection:
Based on the bearish impulse and measured move, the projected target is around 3,298.758 USD, which coincides with the previous support zone.
📌 Conclusion:
The price action suggests a high-probability bearish continuation, targeting the 3,298 USD zone unless the price breaks and holds above 3,347 USD. Traders may consider selling on rallies with a confirmation of rejection at resistance.
📉 Bias: Bearish
📍 Invalidation: Break and daily close above 3,347 USD
📉
📊 Chart Analysis Summary:
The GOLD/USD chart shows a clear bearish continuation pattern, following a rejection from a major resistance zone.
🔍 Key Technical Highlights:
🔺 Resistance Zone:
Strong resistance at 3,420 – 3,440 USD, marked by multiple rejections (🔴 red arrows).
Price formed a Bearish Harmonic Pattern (likely a Gartley or Bat), suggesting reversal from this resistance.
🔻 Bearish Momentum:
After the pattern completed, price broke below the minor support structure and is currently forming lower highs and lower lows, indicating bearish structure.
📉 Support Level:
Strong horizontal support zone around 3,298 – 3,300 USD, marked as “TARGET.”
This area was previously tested (🟠 orange circles) and now projected to act as a target level again.
🔄 Minor Retracement Zone:
Expecting a minor pullback to 3,347 USD (purple line) before potential continuation downward.
This zone aligns with the previous support turned resistance (classic SR flip).
🎯 Target Projection:
Based on the bearish impulse and measured move, the projected target is around 3,298.758 USD, which coincides with the previous support zone.
📌 Conclusion:
The price action suggests a high-probability bearish continuation, targeting the 3,298 USD zone unless the price breaks and holds above 3,347 USD. Traders may consider selling on rallies with a confirmation of rejection at resistance.
📉 Bias: Bearish
📍 Invalidation: Break and daily close above 3,347 USD
6.23 Gold Short-term Technical AnalysisStimulated by geopolitical conflicts such as the US airstrike on Iran's nuclear facilities on Monday, gold opened $24 higher at 3398 in the early trading. However, it failed to continue the upward trend and quickly fell back to the 3360-65 area. Retrieve all the gains!
Technical analysis: 4-hour head and shoulders top pattern: right shoulder 3373 neckline 3340 MACD dead cross diverges downward Bollinger band opening expansion and price running near the lower track, short-term trend is bearish, and the daily line is still in the rising channel!
Short-term operation:
SELL: 3375\3385 Stop loss: 3390
$1:3360 $2:3340
BUY: 3338\3345 Stop loss: 3353
$1:3380 $2:3400
Operation suggestion: High-altitude is the main, low-multiple is the radiation
6.23 Gold Short-term Technical GuidanceThe current price is in the double-line interval of 3350-3375 on the hourly chart. Please note that the four-hour lifeline 3368 is also the resistance point determined by the last rebound in the Asian session.
The Asian session fell under pressure and returned to the sweeping range. It was treated as a sweep. The European session was able to hold the 3350 mark. Look up to find the 3368 area, followed by 3375 and 3385-3388.
If the European session falls below and closes below 3350, the short-selling forces are dominant. The four-hour lifeline 3368 is used as suppression. Look down to find 3333-3331, followed by 3320-3315
GOLD/USD Falling Wedge Breakout PotentialChart Analysis:
The chart illustrates a Falling Wedge Pattern, a bullish reversal setup typically signaling a breakout to the upside.
📌 Key Observations:
📉 Downward Channel: Price has been compressing within a falling wedge (highlighted in blue), indicating potential exhaustion of sellers.
💪 Support Zone: Strong support observed near the 3,340 level, with price rejecting this zone multiple times (highlighted with orange circles).
🔼 Bullish Signals: Price recently tested the lower wedge boundary and bounced, suggesting potential reversal.
🎯 Breakout Target: Projected target after breakout is around 3,453.453 USD, aligned with previous resistance zone.
🟢 Buy Pressure Arrows: Green arrows signal previous bullish reactions from similar demand zones.
📈 Conclusion:
If price breaks above the wedge’s upper boundary with volume confirmation, a bullish rally toward 3,453 is expected. Keep an eye on breakout retest for entry validation.
✅ Trading Plan Suggestion:
Entry: On breakout above wedge resistance
SL: Below recent swing low (~3,330)
TP: 3,453 zone 🎯
🔔 Note: Wait for a confirmed breakout before entering to avoid false signals.
Middle East war, gold breaks through 3400 early next week
Hello everyone:
Let's analyze the gold price next week (June 23, 2025 to June 27, 2025)
📌Gold information:
Gold prices held steady on Friday, hovering around $3,369, and are expected to fall nearly 1.90% this week as the market digests U.S. President Donald Trump's decision to abandon immediate military action against Iran and turn to diplomacy. As of writing, XAU/USD fell 0.11%.
While easing geopolitical tensions helped boost risk sentiment, concerns that the United States may restrict allies operating semiconductor factories in China put additional pressure on gold, according to Bloomberg. Trump's restraint on Iran encouraged risk appetite and suppressed the appeal of this safe-haven metal.
What has President Trump been busy with in the past 24 hours? (2025-06-22)
1. Announced the successful airstrike on Iran's three nuclear facilities - Trump issued a message saying that he had successfully launched attacks on Iran's three nuclear facilities, including Fordow, Natanz and Isfahan. The main target Fordow nuclear facility was bombed with a full load of bombs. All fighter jets are returning safely. Iran's Fordow (nuclear facility) no longer exists.
2. Was willing to go to Turkey to negotiate with Iran in person - According to the AXIOS website, sources said that when Trump attended the G7 summit last Monday, Erdogan called and proposed to hold talks between US and Iranian officials in Istanbul the next day to explore diplomatic solutions to the war. Trump agreed, and he was willing to send Vice President Vance and White House envoy Vitkov, and even if necessary, he was willing to go in person. But it was later cancelled because Khamenei could not be contacted.
3. Threatening to strike Iran again if the conflict does not stop - According to Reuters, US President Trump said in a telephone interview that tonight was a stunning success and Iran should immediately achieve peace and stop the war, otherwise they will be hit again.
4. Saying that Iran will either usher in peace or fall into tragedy - Trump said that the US goal is to destroy Iran's nuclear enrichment capabilities and stop Iran's nuclear threat. Iran's facilities have been completely destroyed. Iran will either usher in peace or fall into tragedy. Many goals have not yet been achieved. Tonight's strike is the "toughest target". If peace is not achieved in the future, other targets will be accurately struck.
5. Warning Iran not to retaliate - Trump posted on social media: "Any retaliatory action by Iran against the United States will lead to a military response 'far beyond what we saw tonight.'"
6. US Democratic lawmakers call for Trump's impeachment - On the evening of June 21, local time, according to NBC, New York Democratic Congresswoman Alexandria Ocasio-Cortez said that President Trump's decision to attack Iran without the authorization of Congress "absolutely and clearly constitutes grounds for impeachment." She said that the US President's disastrous decision to bomb Iran without authorization was a serious violation of the Constitution and Congress' war powers.
📣Personal analysis:
Tensions in the Middle East escalate, and gold prices will continue to rise above 3400 at the beginning of next week
🔥 Technical:
Based on the resistance and support levels of gold prices on the 4-hour chart, Labaron identified the important key areas as follows:
Resistance: $3395, $3448
Support: $3302, $3255
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
Precise short orders in 3370-3375 area are launched!Gold has been volatile recently, with intraday fluctuations ranging from 1 to 200 US dollars, which greatly increases the difficulty of operation for retail investors. On the surface, there are many opportunities, but there are only a few real big market opportunities. If you miss the rhythm, you can only watch your funds shrink. Remember that risk management is crucial.
From the 4-hour analysis of gold, there are repeated resistances from bulls before the downward break; once it breaks down, the market will go further down, and the focus below is 3340. The upper short-term is 3370-3380, and the important resistance is 3400. Only by breaking through the bulls can the rebound continue. In terms of operation, sell high and buy low, and pay attention to the breakthrough!
There are too many long orders accumulated at the current high level of gold, and the market will not rise sharply easily. The current international situation is so tense, and gold is still slowly declining. In this situation, it is difficult to rebound sharply.
Operational suggestions: For short orders above, focus on the layout of the 3370-3375 area, strictly set a stop loss, target more than 20 points, control risks, and follow the trend.