Gold's 3290-3300 Support : Next Week Aims for Gap-Up Retest Last week, gold opened with a gap-up on Monday ๐ผ, then trended downward ๐ฝ.
โก Notably, the 3290-3300 support zone held firmly from Monday to Thursday, demonstrating strong resilience.
๐ฑ The price plunged to around 3255 on Friday but rebounded promptly.
๐ฅ For next week, the opening may surge toward the 3290-3300 zone, warranting close attention.
๐ Buy@3260 - 3270
๐ TP 3280 - 3290 -3300
Accurate signals are updated every day ๐ If you encounter any problems during trading, these signals can serve as your reliable guide ๐งญ Feel free to refer to them! I sincerely hope they'll be of great help to you ๐ ๐
GOLD trade ideas
Gold - Pump to a new all-time high, buy here!GOLD is super bullish, and this trend should continue until around 7000 USD, so another few years! In one of my next analyses, I will tell you why. In this short-term analysis, we want to buy GOLD at the strong support of this blue ascending channel.
On the chart we can see that GOLD has been moving in the ascending parallel channel and recently broke out of the bullish flag on the higher timeframe. The bullish flag was retested on June 9, so we don't need to go down anymore. Btw, that was a great buying opportunity! Soon the price will hit the support trendline of the ascending channel, so prepare your buying orders!
What is the profit target? The first strong resistance is the previous all-time high level. If you want to take profit here, that's definitely reasonable. Always set your profit targets slightly below major levels and resistances. From the Elliott Wave perspective, it is obvious that GOLD is starting something huge here! We are in an impulse wave 3 of 5.
Always use fibonacci extension / retracement to find strong levels on charts. I recommend using only 0.382, 0.618, and 1 levels. When we take a Fibonacci extension tool from wave (1) to wave (2) we can see that the first strong level is at 3490 with the 1:1 Fibonacci extension.
Trading tip at the end: "Develop a trading strategy that aligns with your trading persona and risk tolerance." Leave a comment with your gold prediction, I am curious! Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Waiting for gold price to grow with ADP-NFโญ๏ธGOLDEN INFORMATION:
Gold (XAU/USD) finds it difficult to extend its two-day rally and trades within a tight range during Wednesdayโs Asian session, hovering just below Tuesdayโs one-week high. A modest rebound in the US Dollarโrecovering from its lowest level since February 2022โhas put pressure on the precious metal. Additionally, improving market sentiment continues to reduce demand for safe-haven assets like Gold, further limiting its upside.
โญ๏ธPersonal comments NOVA:
Steady trendline recovery, sustained buying could move towards 3383 with today's ADP-NF data
โญ๏ธSET UP GOLD PRICE:
๐ฅSELL GOLD zone: 3382- 3384 SL 3389
TP1: $3370
TP2: $3360
TP3: $3350
๐ฅBUY GOLD zone: $3312-$3310 SL $3305
TP1: $3320
TP2: $3330
TP3: $3340
โญ๏ธTechnical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
โญ๏ธNOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD DAILY OUTLOOK | BEAR MARKET STRUCTURE CONFIRMED ๐ Trend Reversal Underway โ Prepare for Lower Levels
The daily structure on Gold (XAUUSD) confirms a shift from accumulation to distribution.
Here's what stands out:
๐ป Key Breakdown Factors:
Failure at O_FIB Rejection Zone
The price failed to sustain above the upper Fib extension and supply zone (marked in red). Multiple attempts at reclaiming this level have resulted in sharp rejections, signaling exhaustion of buyers.
Break of Mid-Range Structure
We've decisively closed below the range midpoint, with strong bearish daily candles. This confirms loss of control by bulls and opens the door for a move toward deeper retracement zones.
Support Zones Exposed
The 0.618 FIB & 100 MA area around ~3160 is now a primary target. This zone held previously, but repeated touches weaken structure.
The 1.0 FIB & 200 MA zone around ~2960 is the macro support target. If sentiment continues to deteriorate, this will be the magnet.
EMA Crosses Rolling Over
Price has decisively lost the 9/21 EMA zone. Until a daily close reclaims this zone (~3335+), bearish momentum remains valid.
๐ Bearish RSI Momentum
While not a primary signal, RSI confirms momentum divergence and bear control below the midline. No sign of reversal.
๐ฏ Bearish Bias Until Reclaim of 3335 Zone
๐ Next Target = 3160, then 2960
๐ Invalidation = Daily close above 3340 with strong volume and reclaim structure
This is not a short-term pullback โ it's the beginning of a deeper correction. Gold is no longer in the โsafe-havenโ trade. Be patient, position with structure, and let the trend do the work.
Focus will be on fading the traps on pullbacks into structure.
GOLD THE united state interest rate stands at 4.25%-4.5%
the US10Y open the day at 4.293% and closes 4.26% a significant drop from may high of 4.62%
the dollar index is heading to 96$ after open 97.611$ to close 97.313$.
Final GDP q/q
Actual: -0.5%
Forecast: -0.2%
Previous: -0.2%
The US economy contracted by 0.5% in the first quarter, worse than the expected 0.2% decline, indicating a sharper slowdown than anticipated.
2. Unemployment Claims
Initial Claims: 236,000
Forecast: 244,000
Previous: 245,000
Initial jobless claims fell by 10,000 to 236,000, lower than forecast and near historically low levels, suggesting that layoffs remain relatively subdued despite economic challenges.
3. Core Durable Goods Orders m/m
Actual: +0.5%
Forecast: +0.1%
Previous: +0.2%
Core durable goods orders, which exclude transportation, rose 0.5% month-over-month, beating expectations and signaling some resilience in business investment.
4. Durable Goods Orders m/m
Actual: +16.4%
Forecast: +8.6%
Previous: -6.3%
Total durable goods orders surged 16.4%, a strong rebound following a prior decline, indicating a pickup in demand for long-lasting manufactured goods.
5. Final GDP Price Index q/q
Actual: 3.7%
This measure of inflation in the GDP deflator remains elevated, reflecting persistent price pressures in the economy.
Summary of Market Implications:
The larger-than-expected GDP contraction signals economic weakness, which could increase expectations for accommodative Fed policy.
The drop in initial jobless claims supports the view that layoffs are limited, but rising continuing claims suggest some labor market softness ahead.
Strong durable goods orders point to underlying business investment strength, providing a mixed but cautiously optimistic outlook.
Elevated inflation as shown by the GDP price index keeps inflation concerns alive.
Overall, the data presents a complex picture of a slowing economy with pockets of resilience and ongoing inflationary pressures
the interest rate remains 4.24%-4.5% ,the bond market remain weak on fiscal policy challenges and pending rate outlook.
the 10 year bond yield is trading around 4.291% -4.26% and edge lower from fundamental outlook.
gold on ascending trendline connecting April till June and found support at 3312-3314.
buyers during newyork session will build momentum on technical to bridge 3350 supply .
break below 3311-3314 will heading to my demand floor .
#gold .
GOLD Bouncing from Trendline, Breakout Ahead?GOLD BOTTOM IS HERE ๐ฅ
Gold has taken support from the rising trendline and is now close to breaking a key resistance. The chart is showing an ascending triangle, which usually means a big move is coming.
If price breaks above the resistance, we might see a strong rally of 13% or more.
The setup looks positive as long as the support stays strong.
Looks like Gold is ready to shine again!
Retweet if you're bullish.
Like and follow for more updates!
#GOLD TVC:XAU
Gold: eased on tariffs dealAs geopolitical and economic tensions are slowly settling down, the price of gold eased its road toward the higher grounds. During the previous week, gold was traded with a bearish sentiment, dropping from the level of $3.395 down to $3.262. The main causes behind the drop in the price of gold are related to decreased tensions in the Middle East, as well as, settlement of the trade tariffs deal between the U.S. and China. Although the details of this deal was not disclosed publicly, still, the market reacted positively to the news. Investors moved funds from safe-haven assets toward the equity and the crypto market, as riskier ones in a quest for higher returns.
The RSI took the down path, ending the week at the level of 41. The indicator is currently clearly on the road toward the oversold market side. The price of gold breached the MA50 line during the previous week, which was acting like a support line for the price of gold during the previous period. The MA200 continued with an uptrend, following the MA 50 line. There is a high distance between two lines, so the potential cross is still not in the store for the price of gold.
Charts are pointing that the gold is on the easing road currently, with a potential for further correction in the coming period. The RSI is indicating that the oversold market side might be reached in the coming period, which means that the price could further ease. The bottom of the current correction might be $3.180, which was the highest level in mid April this year. Still, some short reversals are quite expected on this road, in which sense, Monday might start with a short attempt for higher grounds. In this sense, the $3,3K level might be tested.
GOLD (XAUUSD): Updated Support & Resistance Analysis
Here is my latest support and resistance analysis for Gold.
Horizontal Structures
Support 1: 3294 - 3312 area
Support 2: 3231 - 3287 area
Support 3: 3121 - 3176 area
Resistance 1: 3338 - 3368 area
Resistance 2: 3441 - 3451 area
Resistance 3: 3493 - 3500 area
Vertical Structures
Vertical Support 1: Falling trend line
Consider these structures for pullback/breakout trading.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Luxury, War, and Clarity โ This Is the Golden Reset.๐จ The Real Gold Era: Clarity While the World Burns ๐จ
"While some bleed in the streets, others sip cocktails in the Bahamas. This is not a coincidence. This is the new world."
Right now, we live in a time like no other.
People are dying in wars they never chose.
Currencies collapse. Nations threaten each other.
And yet โ capital flows, gold climbs, and the rich get richer.
๐ฐ๏ธ A war started long ago โ and most never saw it:
2020โ2022: They printed trillions. COVID shut down the world. Fiat was silently devalued.
2022โ2023: Russia was cut off from SWIFT. BRICS started buying gold. The dollar was no longer untouchable.
2023โ2024: Gold broke $2100โฆ then $2400โฆ now $3400+. Even high interest rates can't stop it.
2025: U.S. and Israel strike Iran. BRICS discuss a gold-backed currency. Trust in fiat? Gone.
The Gold Era is no longer just metaphor. Itโs the new battlefield.
๐ฃ "War is loud. Wealth is silent."
While bombs fall in the East,
โจ capital quietly moves to safe havens.
While families flee,
โจ smart money finds gold, data, and sovereign positioning.
While headlines scream chaos,
โจ traders make decisions in silence.
๐ But here's the paradox:
We also live in a world of unmatched abundance:
You can build a brand from a phone.
You can trade gold from a beach.
You can learn SMC, AI, geopolitics โ and use it to build freedom.
You can escape the system, if you understand the structure.
In this gold era, the true asset isn't just metal.
It's mental clarity. Information. Sovereignty.
The gold is you.
๐ This isnโt just about trading.
Itโs about knowing where we are in the timeline of collapse and rebirth.
The markets donโt lie โ they expose whatโs really coming.
And those who read themโฆ can rise while others fall.
๐ง Final note:
Not everyone survives a reset.
But those who think in structure, who lead with clarity โ they donโt just survive.
They reposition.
They build.
They lead.
๐ก Welcome to the Real Gold Era.
Where charts speak louder than news.
Where truth is a position.
Where you donโt wait for safety โ you create it.
โ
โ๏ธ GoldFxMinds โ where structure meets truth.
๐ข Disclosure: This analysis was created using TradingView charts through my Trade Nation broker integration. As part of Trade Nationโs partner program, I may receive compensation for educational content shared using their tools.
XAU/USD 2h chart pattern.I'm provided for XAUUSD (Gold Spot / U.S. Dollar) on the 2-hour timeframe, here's the analysis:
---
๐ Chart Pattern Insight
A clear ascending channel was forming.
Price broke below the lower trendline (highlighted in orange), signaling a potential bearish breakdown.
The price is currently retesting the broken trendline and starting to reject it โ a bearish sign.
---
๐ฏ Target Levels Identified on Chart
Youโve marked two bearish targets with arrows:
1. First Target: Around $3,280
This aligns with a previous minor support area.
A reasonable short-term target after the trendline break.
2. Second (Deeper) Target: Around $3,245
Likely based on the full height of the channel projected downward (measured move).
This level could be the next major support.
---
๐ Summary:
Target Price Level Confidence
First Target ~$3,280 Medium-High
Final Target ~$3,245 Medium
---
Let me know if you'd like help setting stop-loss levels, trade management tips, or a risk-reward calculation based on your entry.
THE KOG REPORT - Update End of day update from us here at KOG:
Well, we actually did want higher but there was no break above, instead, we got the break below and then the move commenced overnight, most of which we missed. We did capture part of it on the tap and bounce, then another trade now on a RIP from lower Excalibur which was hit. Not bad, not amazing, just another day on the markets.
Now, we have support at the 3310-6 level with resistance at 3330 which could be the target over the sessions to come. As long as support holds, we'll hold as well.
As always, trade safe.
KOG
XAUUSD โ Sniper Entry Plan June 26, 2025๐ Hello traders,
Gold is currently consolidating after recent downside liquidity sweeps, and Thursday brings high-impact USD catalysts. Letโs break it down and build a precise plan for sniper entries around these volatile zones. Weโre trading structure, not noise โ eyes on the prize. ๐ฏ
๐ธ HTF Outlook (D1 โ H4 โ H1)
๐ Macro & Geopolitical Context
Markets are bracing for:
USD Unemployment Claims (Forecast: 244K, previous: 245K)
Final GDP q/q and Durable Goods Orders
Fed speakers (Barkin, Barr, Harker)
Stronger-than-expected data could reinforce USD bullish sentiment, sending gold down. Weaker reports + dovish Fed = bullish pressure on gold.
๐บ๏ธ Daily Bias: Neutral to Bullish
Price is ranging above a key CHoCH low + Daily OB (3272โ3288)
Strong bullish continuation only confirmed with a break above 3370โ3384
FIBO: 50% retracement of the last swing is near 3310, giving structure to Buy Zone 1
Bias: Bullish as long as 3272 holds โ PA supports HL structure above imbalance
๐ H4 Bias: Bearish Pullback
CHoCH at 3384 โ clean Lower High + price failed to close above premium FVG
Pullback testing EMA 50/100 + FVG at 3345
FIBO extension zone at 161.8% aligns near 3288 = reactive downside target
Bias: Reactive bearish under 3352. If 3370 breaks cleanly โ short invalid.
๐ H1 Bias: Bullish Short-Term
CHoCH โ HL printed at 3310 โ higher lows forming toward supply
EMA 21/50 crossed to the upside, RSI mid-range (50โ60)
PA structure showing ascending triangle under resistance
Bias: Bullish continuation valid toward 3352โ3370, unless breakdown under 3308
๐ธ LTF Precision (M30 โ M15)
๐น Sell Zone 1 โ 3352โ3345
H1 OB + M15 FVG + upper range sweep
RSI expected to peak near 70 โ potential divergence
FIBO: 78.6% retracement of previous bearish leg
PA: Watch for M15 liquidity sweep + bearish engulfing
๐ธ Entry: Wait for break/retest โ confirmation on M5โM15 BOS
๐น Sell Zone 2 โ 3370โ3384
HTF premium imbalance zone + weak high above
RSI likely in exhaustion zone
FIBO extension 1.272โ1.618 completes inside this supply
PA: Only enter after stop hunt wick + clear CHoCH (M5)
๐ธ Entry: Reactive fade after liquidity trap
๐ธ Buy Zone 1 โ 3308โ3313
H1 CHoCH + OB + EQ zone
RSI bounce zone (30โ40)
FIBO 50โ61.8% retracement of bullish swing
PA: Watch for M15 bullish engulfing or double bottom formation
๐ธ Entry: Only on structure break + retest confirmation
๐ธ Buy Zone 2 โ 3288โ3272
Daily OB + HTF FVG + massive imbalance
RSI expected to overshoot under 30
FIBO: 1.618 extension from previous M15 bullish leg
PA: High-RR reversal zone if flushed by NY open
๐ธ Entry: Enter only after M5 CHoCH or strong engulfing near the OB
โ๏ธ Decision Zone โ 3333โ3336
Previous supply turned EQ zone
PA shows indecision โ do not enter here
Useful for monitoring if price holds support or rejects
๐ธ Trade Scenarios
๐ข Bullish Scenario
If USD data is weak:
Flush to 3308 or 3288
Confirm HL formation โ sniper buy from OB โ aim 3345+, possibly 3370 sweep
๐ด Bearish Scenario
If USD prints strong:
Price spikes into 3352 or 3370 zones โ rejection + BOS
Sniper short entry โ targets 3310 โ 3288
๐ธ Final Plan & Action Points
โ
Patience is key during news. Let structure confirm.
โ
Track price behavior near 14:30 CEST, avoid instant spikes.
โ
Best sniper RR zones:
๐น Sell from 3352 or 3370
๐ธ Buy from 3308 or 3288
๐ Precision matters. Structure wins.
๐ Like this if it helped you map the move, and ๐ follow for tomorrowโs sniper entry.
โ GoldFxMinds
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.
Bearish Setup for GoldGold is currently in a retracement phase after breaking below the mid Keltner channel zone. The small upward arrow marks this temporary relief rally, which I anticipate will be short-lived.
Price is testing the lower band of the inner Keltner channel after rejecting from the upper zones. The structure suggests a classic lower high formation before a potential major sell-off, targeting the deeper liquidity zones around $3,218 โ $3,160 and possibly $3,080 if momentum accelerates.
๐ Bias: Bearish
๐ Invalidation: A clean break and close above the red resistance block (~$3,320+)
๐ Target Zones: $3,218 โ $3,160 โ $3,080
๐ Look for volume drop and wick exhaustion confirming the next leg down.
This retracement may offer one final short entry opportunity before a deeper correction unfolds.
XAU/USD โ Testing 2H/1H Supply Zone | Breakout or Rejection?XAU/USD โ Testing 1H/2H Supply Zone | Bullish Continuation or Rejection Ahead
Gold has rallied strongly from the support zone around 3,238โ3,255, breaking multiple intraday resistance levels and now approaching a critical 1H/2H Supply Zone near 3,348โ3,366.
This area previously acted as a strong sell-off zone, making it a key decision point.
Scenario 1: Bullish Continuation
If price breaks and closes above 3,366 with momentum, we could see further upside toward the next resistance at 3,400 and possibly retest the ATH zone at 3,486. A short consolidation or retest within the zone would confirm strength.
Scenario 2: Rejection from Supply Zone
If the supply holds, a rejection from the zone could lead to a pullback toward:
3,320.48 (minor support)
3,297.08 (support line)
Or deeper retracement to the 3,255โ3,238 support zone
Key Technical Levels
Supply Zone: 3,348 โ 3,366
Resistance: 3,400 โ 3,486 (ATH)
Support Levels: 3,320 โ 3,297 โ 3,255 โ 3,238
Pivot Line: 3,348
Another excellent sessionAs discussed throughout my yesterdayโs session commentary: โMy position: Gold is Trading on relief rally and it is now whether #3,352.80 benchmark will break to the upside and extend the relief rally or reversal there and another decline. I personally lean more to the Bullish side with DX chart as main pointer for Gold on current session.โ
I have made #7 successful Scalp orders throughout yesterdayโs session (all Buying orders) firstly from #3,330.80, then #3,320.80 towards #3,327.80 and final batch of aggressive Scalps from #3,310.80 towards #3,318.80 - #3,325.80 / Highly satisfied with yesterdayโs session Profit.
Technical analysis: Gold is currently disconnected from Hourly 4 chartโs Neutral Rectangle and thus I am expecting a new Selling direction starting from todayโs session if #3,300.80 benchmark isnโt recovered and market closes above it (Weekly closing as well). Personally I believe it will be a big one on big Volume (best what last session of the week can offer). Hourly 1 chart is delivering firm Selling signals and points to a Bearish breakout and Selling continuation. A red closing on today's Daily chartโs candle points to a Bearish continuation also. Personally I believe that only if local Support gets invalidated (seen Trading at #3,272.80) does the trend resumes its previous Bearish bias also without more disappointing numbers on DX. No surprises so far as rejection on #3,292.80 - #3,300.80 Resistance level is showcasing strong durability for the cycle. This is a Technical pullback as well to cool down Long-term Overbought levels and may precisely test the #3,252.80 benchmark / near pivot point, probability which I mentioned earlier this week.
My position: I am Highly satisfied with my Profit and will take early weekend break, not catching a Falling knife
Gold 30M Engaged ( Bullish Entry Detected )
โ Objective: Precision Volume Execution
Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
๐ฉธ Bullish Wave Coming From Now : 3352
โ Hanzo Protocol: Volume-Tiered Entry Authority
โ Zone Activated: Dynamic market pressure detected.
The level isnโt just price โ itโs a memory of where they moved size.
Volume is rising beneath the surface โ not noise, but preparation.
๐ฅ Tactical Note:
We wait for the energy signature โ when volume betrays intention.
The trap gets set. The weak follow. We execute.
Gold 30M Engaged ( Bullish Entry Detected )
The idea is clear, gold falls as expected!The gold market is just as I predicted. I have repeatedly warned everyone not to chase the 3350-3355 line. The technical side needs to step back. Now, it just proves the idea I gave. After gold hit the highest line of 3358, it stepped back to the 3337 line and started to fluctuate. Our 3355 short order plan successfully touched 3340 to stop profit and exit. From the current gold trend, it should fluctuate like this before closing. After the opening, we will step back and go long as planned. Focus on the 3330-3335 line below. If it does not break, we can consider going long.
From the current gold trend analysis, pay attention to the 3360-3370 line of pressure on the top, and the short-term support on the bottom is around 3330-3335. Focus on the key support at 3315-3325. Relying on this range as a whole, maintain the main tone of low-long participation unchanged, wait for the pullback to confirm the support and then intervene when the opportunity arises. In the middle position, keep watching and do less, chase orders cautiously, and wait for the entry opportunity after the key points are in place.
Gold operation suggestion: go long around 3315-3325, target 3340-3350.
GOLD (XAUUSD): Classic Trend-Following Patternโ ๏ธGold closed on Tuesday, forming a bullish flag pattern on an hourly chart, indicating a market correction following a strong upward wave.
A breakout above the resistance line with a candle close will likely signal a continuation of the trend, with a high probability of the price rising to at least a new higher high.
However, keep in mind that the price may respect the trend line multiple times and corrections could be prolonged, which is why we depend on a reliable breakout as a trigger.
Down the road - Gold Outlook June 30 - July 24, 2025FX_IDC:XAUUSD
๐ฐ The past weeks has been a wild ride for gold prices, caught between the fiery conflict in the Middle East and a deluge of crucial economic data from the U.S. ๐ Adding to this, a detailed technical analysis provides a deeper look into gold's immediate future.
**Geopolitical Drama Unfolds & Peace Prevails!** ๐๏ธ ceasefire negotiations.
Initially, gold was shrouded in uncertainty ๐ซ๏ธ due to the Iran-Israel war, with markets bracing for potential U.S. involvement and a full-blown escalation. Daily tit-for-tat attacks between Iran and Israel kept everyone on edge, and the question of U.S. intervention remained a nail-biter ๐ฌ, though President Trump did announce a 14-day "timeout".
Then came the dramatic twist on June 21st: "Operation Midnighthammer" saw the U.S. unleash bunker-buster bombs on Iranian uranium enrichment facilities. ๐ฅ Short time later, the U.S. declared mission accomplished, stating their goal of destroying these sites was achieved, and no further attacks would follow.
Iran's response, "Operation Annunciation of Victory," on the following Monday, involved missile strikes on U.S. military bases in Qatar and Iraq. ๐ Interestingly, these attacks were pre-announced, allowing for safe evacuations and thankfully, no casualties. ๐
The biggest surprise came from President Trump as he declared, "Congratulations world, it's time for peace!" ๐ He then brokered a ceasefire between Israel and Iran, which, despite being fragile, largely held, leading to the war's end.๐ค Both nations, as expected, officially claimed victory โ a common move to satisfy their citizens. ๐
Personally, I was genuinely surprised that the U.S.President mediated ceasefire, actually brought the conflict to a close โ but it's a welcome outcome! ๐
**Economic Data & Fed's Steady Hand** ๐น๐๏ธ
The cessation of hostilities triggered a steady downward slide in gold prices from June 24th to 27th. โฌ๏ธ This dip initially met some market resistance but it ultimately prevailed, especially with the release of mixed U.S. economic data, which, despite being varied, was generally interpreted positively by the market.
The spotlight also shone on the Federal Reserve, with several representatives speaking and Fed Chair Jerome Powell undergoing a two-day Senate hearing. ๐ค๐จโโ๏ธ Powell meticulously explained the Fed's rationale for holding interest rates steady, despite market pressures. ๐คท However, recent whispers suggest the Federal Reserve might actually cut rates in September! ๐ฎ
## Geopolitical News Landscape ๐๐ฐ
India / Pakistan
Pakistan rejected claims that it supported militant groups active in Indian Kashmir. India issued a formal protest but reported no fresh border clashes during the week.
Outlook ๐ฎ: De-escalation is possible in the short term. However, unresolved disputes over water rights (Indus Treaty) could reignite tensions.
Gaza Conflict
Heavy Israeli airstrikes killed dozens in Gaza, including civilians near aid centers. The UN warned that U.S.-backed aid systems are failing. Humanitarian corridors remain blocked.
Outlook ๐ฎ: Ceasefire talks may resume in July, but success depends on international pressure and safe humanitarian access.
Russia / Ukraine
Russia advanced 36 sq mi in eastern Ukraine, deploying outdated T-62 tanks. Ukraine reinforced defensive lines, aided by Western military packages.
Outlook ๐ฎ: The front remains volatile. Sustained Western support will be key to halting further Russian gains.
U.S. โ China Trade War
A breakthrough deal was signed for China to fast-track rare-earth exports to the U.S. Talks on tech transfer and tariffs continue behind closed doors.
Outlook ๐ฎ: A phased de-escalation is possible, but deep trust issues linger, especially over semiconductors and AI.
๐ Global Trade War
Several countries, including Brazil and Thailand, imposed fresh restrictions on Chinese imports, echoing the U.S. stance. Global supply chains remain fragmented.
Outlook ๐ฎ: Trade blocs like the EU and Mercosur may take on greater importance as countries hedge against rising protectionism.
Trump vs. Powell
Fed Chair Powell resisted political pressure, stating rate cuts are unlikely before September. Trump called him โstubbornโ and demanded immediate easing.
Outlook ๐ฎ: The Fedโs independence is under strain. If Trump wins re-election, major policy shifts could follow.
๐ U.S. Inflation
Despite tariffs, core inflation remains elevated. Powell warned of persistent price pressures. Trump insists the Fed should cut rates to boost growth.
Outlook ๐ฎ: A rate cut later in 2025 is possibleโif labor market data weakens. Until then, inflation will remain politically explosive.
## Technical View ๐๐
**Current Market Context:** Gold plummeted to $3,273.67 USD/t.oz on June 27, 2025, marking a 1.65% drop from the previous day, which confirms the strong bearish momentum. The price action shows a significant retreat from recent highs around $3,400.
**ICT (Inner Circle Trader) Methodology Analysis:**
* **Market Structure:**
The trend is clearly bearish, with a definitive break of structure (BOS) to the downside.
* **Order Blocks:**
Several bearish order blocks have been identified at prior resistance levels, specifically in the $3,380-$3,400 range.
* **Fair Value Gaps (FVG):**
The aggressive sell-off has created multiple imbalances, particularly in the $3,350-$3,320 range.
* **Liquidity Pools:**
Buy-side liquidity above $3,400 has been swept. Sell-side liquidity is now accumulating below the $3,270 lows, which is the current target zone.
* **Session Analysis:**
The London session showed aggressive selling, followed by a continuation of bearish momentum in the New York session. The Asia session could see consolidation or further declines.
* **Smart Money Concepts:**
Heavy selling pressure suggests "smart money" distribution. There's been strong bearish displacement from $3,380 down to $3,270, indicating the market is currently in a "sell program" phase.
**Gann Analysis:**
* **Gann Angles & Time Cycles:**
The primary 1x1 Gann angle has been broken, pointing to continued weakness. Key price squares indicate resistance at $3,375 (25ยฒ) and support at $3,249 (57ยฒ). Daily cycles suggest a potential turning point around June 30-July 1, while weekly cycles indicate continued pressure through early July.
* **Gann Levels:**
* Resistance: $3,375, $3,400, $3,481 (59ยฒ)
* Support: $3,249, $3,136, $3,025
**Fibonacci Analysis:**
* **Key Retracement Levels (from recent swing high to low):**
* 78.6%: $3,378 (Strong resistance)
* 61.8%: $3,348 (Key resistance zone)
* 50.0%: $3,325 (Psychological level)
* 38.2%: $3,302 (Minor resistance)
* 23.6%: $3,285 (Current area of interest)
* **Fibonacci Extensions (Downside Targets):**
* 127.2%: $3,245
* 161.8%: $3,195
* 261.8%: $3,095
* **Time-Based Fibonacci:**
The next significant time cluster is July 2-3, 2025, with a major cycle completion expected around July 15-17, 2025.
**Institutional Levels & Volume Analysis:**
* **Key Institutional Levels:**
* Major Resistance: $3,400 (psychological + institutional)
* Secondary Resistance: $3,350-$3,375 (order block cluster)
* Primary Support: $3,250-$3,270 (institutional accumulation zone)
* Major Support: $3,200 (monthly pivot area)
* **Volume Profile Analysis:**
* High Volume Node (HVN): $3,320-$3,340 (fair value area)
* Low Volume Node (LVN): $3,280-$3,300 (potential acceleration zone)
* Point of Control (POC): Currently around $3,330
**Central Bank & Hedge Fund Levels:**
Based on recent COT data and institutional positioning, heavy resistance is seen at $3,400-$3,430, where institutions likely distributed. An accumulation zone for "smart money" re-entry is anticipated at $3,200-$3,250.
**Cycle Timing Analysis:**
* **Short-Term Cycles (Intraday):**
Bearish momentum is expected to continue for another 12-18 hours. A daily cycle low is likely between June 29-30, with a potential reversal zone on July 1-2 for the 3-day cycle.
* **Medium-Term Cycles:**
The current weekly cycle is in week 3 of a 4-week decline. The monthly cycle indicates a mid-cycle correction within a larger uptrend. For the quarterly cycle, Q3 2025 could see a major low formation.
* **Seasonal Patterns:**
July-August is typically a weaker period for gold ("Summer Doldrums"). September has historically been strong for precious metals ("September Effect"), setting up for a potential major move higher in Q4 2025 ("Year-End Rally").
**Trading Strategy & Levels:**
* **Bearish Scenario (Primary):**
* Entry: Sell rallies into the $3,320-$3,350 resistance zone.
* Targets: $3,250, $3,200, $3,150.
* Stop Loss: Above $3,380.
* **Bullish Scenario (Secondary):**
* Entry: Buy support at $3,250-$3,270 with confirmation.
* Targets: $3,320, $3,375, $3,400.
* Stop Loss: Below $3,230.
**Key Events to Watch:**
* **US PCE Data:**
Fresh downside risks could emerge ahead of the US Personal Consumption Expenditures (PCE) Price Index data release.
* **Fed Communications:**
Any hawkish rhetoric from the Federal Reserve could further pressure gold.
* **Geopolitical Developments:**
Ongoing global events could trigger safe-haven demand.
**Conclusion:**
The technical picture for gold suggests continued short-term weakness, with the metal testing its 2025 trend line at $3,290 following last week's rejection at the $3,430 resistance. However, the longer-term outlook remains constructive, given gold's robust performance year-to-date. Key support at $3,250-$3,270 will be crucial in determining the next significant price movement.
**Upcoming Week's Economic Calendar (June 29 - July 4, 2025):** ๐๏ธ๐
๐๏ธ Get ready for these important economic events (EDT)
* ** Sunday , June 29, 2025**
* 21:30 CNY: Manufacturing PMI (Jun) - Forecast: 49.6, Previous: 49.5
* ** Monday , June 30, 2025**
* 09:45 USD: Chicago PMI (Jun) - Forecast: 42.7, Previous: 40.5
* ** Tuesday , July 1, 2025**
* 05:00 EUR: CPI (YoY) (Jun) - Forecast: 2.0%, Previous: 1.9%
* 09:30 USD: Fed Chair Powell Speaks
* 09:45 USD: S&P Global Manufacturing PMI (Jun) - Forecast: 52.0, Previous: 52.0
* 10:00 USD: ISM Manufacturing PMI (Jun) - Forecast: 48.8, Previous: 48.5
* 10:00 USD: ISM Manufacturing Prices (Jun) - Forecast: 70.2, Previous: 69.4
* 10:00 USD: JOLTS Job Openings (May) - Forecast: 7.450M, Previous: 7.391M
* ** Wednesday , July 2, 2025**
* 08:15 USD: ADP Nonfarm Employment Change (Jun) - Forecast: 80K, Previous: 37K
* 10:30 USD: Crude Oil Inventories - Forecast: -5.836M
* ** Thursday , July 3, 2025**
* Holiday: United States - Independence Day (Early close at 13:00) ๐บ๐ธโฐ
* 08:30 USD: Average Hourly Earnings (MoM) (Jun) - Forecast: 0.3%, Previous: 0.4%
* 08:30 USD: Initial Jobless Claims - Forecast: 239K, Previous: 236K
* 08:30 USD: Nonfarm Payrolls (Jun) - Forecast: 129K, Previous: 139K
* 08:30 USD: Unemployment Rate (Jun) - Forecast: 4.2%, Previous: 4.2%
* 09:45 USD: S&P Global Services PMI (Jun) - Forecast: 53.1, Previous: 53.1
* 10:00 USD: ISM Non-Manufacturing PMI (Jun) - Forecast: 50.3, Previous: 49.9
* 10:00 USD: ISM Non-Manufacturing Prices (Jun) - Forecast: 68.7
* ** Friday , July 4, 2025**
* All Day: Holiday - United States - Independence Day ๐
**Gold Price Forecast for the Coming Week** ๐ฎ๐ฐ
Given last week's market movements, there's a strong likelihood that the downward trend in gold prices will continue.๐ฝ However, fresh news can always flip the script! ๐ As of now, I expect gold to dip further to $3255 by mid-next week. Yet, a brief rebound towards $3300 isn't out of the question before a potential drop to $3200 by week's end or early the following week. ๐ค
Please take the time to let me know what you think about this. ๐ฌ
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This is just my personal market idea and not financial advice! ๐ข Trading gold and other financial instruments carries risks โ only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! ๐๐
Riding Wave (5) Toward 3380 Before ABC Correction๐ Market Context
The current chart shows wave (5) of a larger impulsive structure is still in progress, with price rising from the bottom of wave (4). After a clean wave (1)-(2)-(3)-(4), the market is now pushing upward, targeting the 3380 zone as a likely wave (5) completion.
๐ข Entry Levels (End of Wave 2)
First Entry: 3298
Second Entry: 3279.6
Next Week Aims for 3300 Break๐ Last week, gold opened gap-up on Monday ๐ผ but then trended lower ๐ฝ. However, the 3290-3300 support zone remained robust from Mon-Thu โก. It plunged to ~3255 on Fri before rebounding ๐ฑ. Next week's open may surge to 3290-3300 ๐ฅ!
๐ Sell@3260 - 3270
๐ TP 3280 - 3290 -3300
Accurate signals are updated every day ๐ If you encounter any problems during trading, these signals can serve as your reliable guide ๐งญ Feel free to refer to them! I sincerely hope they'll be of great help to you ๐ ๐