Futures market
Bullish bounce off major support?XAU/USD has bounced off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 3,265.39
Why we like it:
There is an overlap support level.
Stop loss: 3,121.15
Why we like it:
There is a pullback support level that aligns with the 145% Fibonacci extension.
Take profit: 3,344.54
Why we like it:
There is a pullback resistance that lines up with the 50% Fibonacci retracement.
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Gold Short To Medium Term OutlookGold bounced from the lower Support Zone after briefly breaching $3,270. Price is now attempting a recovery, currently trading near $3,290, but remains below both the 50 EMA and 200 EMA — confirming bearish pressure is still intact.
For bulls to gain momentum, we need to see a clean break and hold above $3,298–$3,327which would open the path toward $3,352 and possibly higher resistance levels like $3,364 and $3,383.
Until then, this move may simply be a short-term pullback within a broader downtrend. If price fails to reclaim $3,327, watch for a drop back toward $3,270, with a deeper correction targeting the $3,241–$3,211 zone.
📌 Key Levels to Watch:
Resistance:
$3,298 • $3,327 • $3,352 • $3,364 • $3,383
Support:
$3,270 • $3,241 • $3,211 • $3,179
🧠 Fundamental Focus:
This week is packed with high-impact events — including Non-Farm Payrolls on Thursday. These could trigger sharp moves in gold, so stay cautious and manage risk wisely.
GOLD 30th JUNE - MONTH-END BULLISH OR BEARISHDue to war no update on gold, gold made bolt move downward. Slowly war has been becoming calm but no good news about it has been stopped completely. But you can see some great and correct structure in gold chart where you can find amazing entry and exit points. Gold lower was 1246 since then. Now gold is trading in bullish flag and expecting to breakout. And after breakout we can expect a big move upward.
Key point.
Support - 3248, 3272, 3289
Resistance - 3298, 3313, 3332, 3349
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golden trend linegold price peaked on intraday h1 chart on 3450 level despite shocking war news
opposite to crowd consensus price came down last two week until crowd give up buying war news
but price was falling like text book from trend line
test bounce then new lower low
(price now testing h4 support 3245)
GOLD (XAUUSD) – June 30th OutlookWeekly: Gold opens bullish while still respecting the Dec 2024 trendline, despite the last two weekly candles closing bearish.
Daily: Currently at 3295, approaching key intraday bearish structure at 3310.
Last Week’s Bounce: From 3274 delivered 220+ pips, now becoming a pivotal reaction zone.
If 3310 Breaks: Expect continuation to 3344 – a 350-pip swing.
If 3310 Rejects: Anticipate a move back to 3274 for re-evaluation.
⚠️ Note: Today is the final trading day of the month. Watch for false breakouts and potential liquidity traps.
Gold Short to Medium Term Outlook
Last week, gold bounced from the lower Support Zone after briefly breaching $3,270. Price is now attempting a recovery, currently trading near $3,290, but remains below both the 50 EMA and 200 EMA — confirming bearish pressure is still intact.
For bulls to gain momentum, we need to see a clean break and hold above $3,298–$3,327which would open the path toward $3,352 and possibly higher resistance levels like $3,364 and $3,383.
Until then, this move may simply be a short-term pullback within a broader downtrend. If price fails to reclaim $3,327, watch for a drop back toward $3,270, with a deeper correction targeting the $3,241–$3,211 zone.
📌 Key Levels to Watch:
Resistance:
$3,298 • $3,327 • $3,352 • $3,364 • $3,383
Support:
$3,270 • $3,241 • $3,211 • $3,179
🧠 Fundamental Focus:
This week is packed with high-impact events — including FOMC minutes on Wednesday and Non-Farm Payrolls on Friday. Both events could trigger sharp moves in gold, so stay cautious and manage risk wisely.
WTI Oil H1 | Rising into an overlap resistanceWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 66.82 which is an overlap resistance that aligns closely with the 23.6% Fibonacci retracement.
Stop loss is at 70.90 which is a level that sits above the 50% Fibonacci retracement and a pullback resistance.
Take profit is at 62.51 which is a multi-swing-low support.
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Gold Is Set to Bottom Out and Rebound This WeekAt today’s open, gold once again dipped into the 3258–3248 buy zone, then rebounded toward 3270. From a structural perspective, gold has clearly entered a downward trend, but this decline is unlikely to be one-directional—short-term rebounds and consolidations are expected along the way.
Based on my experience, below 3250 remains a favorable area for initiating long positions. Whether the price rebounds directly or continues lower before building a stronger base to challenge 3300 again, the broader outlook remains bullish as long as the 3200 support holds. A bottoming reversal this week is still the more probable scenario.
As such, the focus early this week should be on buying near the lows, with short opportunities on rebounds as a secondary strategy. Monitor key support levels for signs of strength.
This week is also packed with important data—including PMI, Non-Farm Payrolls (NFP), and the unemployment rate, in addition to regular economic releases. Given the current macroeconomic backdrop, significant market volatility is expected—bringing both risk and opportunity. Manage your exposure carefully and stay adaptable.
20250630-XAUUSD IdeaAfter the price reached the 3249 level, a candlestick with a long lower shadow followed by a strong bullish candlestick was observed. The price has now returned to the descending channel. The lower timeframe shows a bullish trend, but shorting opportunities may appear around the 3295 level.