empty
16.06.2025 12:18 PM
XAU/USD. Analysis and Forecast

This image is no longer relevant

Gold is currently holding on to its intraday losses. Overall positive sentiment in the stock markets is undermining demand for bullion. However, a combination of factors is preventing bears from taking aggressive positions, helping the metal stay above the key psychological level of $3400.

The continued escalation of geopolitical tensions in the Middle East keeps pressuring market optimism, heightening concerns about global instability. At the same time, the growing expectation that the Federal Reserve will further reduce borrowing costs in 2025 is keeping the U.S. dollar from strengthening. This, in turn, is helping to limit gold's downside.

From a technical standpoint, Friday's breakout above the round $3400 level and positive oscillators on the daily chart favor XAU/USD bulls. Therefore, any further corrective pullback can be seen as a buying opportunity, with downside likely to remain limited around the $3400 level. However, a drop below this level would pave the way for deeper losses toward the $3370 level. A decisive break below this zone would invalidate the constructive outlook, shifting the short-term bias in favor of the bears.

On the other hand, momentum beyond the Asian session high in the $3455–3453 level would allow the precious metal to target a retest of the all-time high at the psychological $3500 level, reached in April. A decisive move beyond that level could act as a new trigger for the bulls, paving the way for an extension of the recently well-established uptrend.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD Forecast for June 24, 2025

On Monday, the euro successfully broke through the linear resistance at 1.1535 and the MACD line. From the opening of the Pacific session, the price continued to rise steadily toward

Laurie Bailey 04:51 2025-06-24 UTC+2

GBP/USD Forecast for June 24, 2025

GBP/USDThe bulls in the British pound forcefully overcame the pressure from the bears, who had been anticipating the 1.3208 target. However, at this point, the resistance of the MACD line

Laurie Bailey 04:47 2025-06-24 UTC+2

USD/JPY Forecast for June 24, 2025

USD/JPY The technical picture on Monday may shape future developments in the medium term. The week began with a gap up, followed by the formation of a long upper shadow

Laurie Bailey 04:44 2025-06-24 UTC+2

USD/JPY. Analysis and Forecast. Current Market Situation

From a technical perspective, as bulls have overcome the barrier of the 100-day Simple Moving Average (SMA) around the 146.80 level, they remain in control. Buying beyond the psychological level

Irina Yanina 17:53 2025-06-23 UTC+2

Trading Signals for EUR/USD for June 23-28, 2025: buy above 1.1460 (21 SMA - 6/8 Murray)

On the contrary, this area around the 21SMA, located at the psychological level of 1.15, is key. Below this area, we could expect a sharp breakout of the uptrend channel

Dimitrios Zappas 16:34 2025-06-23 UTC+2

Trading Signals for GOLD (XAU/USD) for June 23-28, 2025: buy above $3,350 (21 SMA - 7/8 Murray)

If gold continues its recovery and settles above the 21 SMA at 3,364, this could be seen as a buying opportunity with targets at 8/8 Murray at 3,437. The metal

Dimitrios Zappas 16:23 2025-06-23 UTC+2

Forex forecast 23/06/2025: EUR/USD, GBP/USD, USDX, Oil, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 12:08 2025-06-23 UTC+2

Technical Analysis for the Week of June 23–28: GBP/USD Currency Pair

Last week, the pair moved downward and tested the 14.6% pullback level at 1.3392 (red dashed line), after which the price rebounded and closed the weekly candle at 1.3446

Stefan Doll 11:38 2025-06-23 UTC+2

Technical Analysis for the Week of June 23–28: EUR/USD Currency Pair

Last week, the pair moved downward and tested the 76.4% pullback level at 1.1452 (red dashed line), after which the price rebounded and closed the weekly candle at 1.1520

Stefan Doll 11:31 2025-06-23 UTC+2

Forecast for EUR/USD on June 23, 2025

On Friday, the EUR/USD pair continued to rise after rebounding from the 76.4% corrective level at 1.1454. However, on Monday night, the pair returned to this level. A new rebound

Samir Klishi 11:24 2025-06-23 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.