Gold ended the trading week with a correction near the 3427 area. XAU/USD quotes continue to rise within the framework of a “Triangle” pattern. Moving averages indicate an upward trend for gold. Prices broke through the area between the signal lines upward, indicating buyer pressure and the potential for continued price growth. Currently, we should expect a bearish price correction attempt and a test of the support level near the 3245 area. Prices will then rebound upward, and XAU/USD will continue to grow during the current trading week, potentially reaching a target above the 3775 level.
GOLD Weekly Forecast XAUUSD June 16 — 20, 2025
An additional signal favoring growth in gold prices during the week of June 16-20, 2025, will be a rebound from the trend line on the relative strength index (RSI). A second signal will be a rebound from the lower boundary of the “Triangle” pattern. A fall in prices and a breakout of the 3,035 area will cancel the possibility of an increase in XAU/USD quotes. This would indicate a breakout of the lower boundary of the bullish channel and a continuation of the decline in gold prices, targeting the area below 2735. Confirmation of asset growth will be a breakout of the resistance area, with quotes closing above the 3485 level. This indicates a breakout of the upper border of the “Triangle” model and the beginning of the pattern’s implementation, with targets at the top.
GOLD Weekly Forecast XAUUSD June 16 — 20, 2025 suggests an attempt at a bearish correction and a test of the support level near the 3245 area. Then, the price of gold will rise further, with a target above the 3775 level. Testing the trend line on the relative strength indicator will support the rise in quotes. A fall below the 3035 level will cancel the growth scenario for gold. This would indicate a continuation of the decline in prices to the area below the 2,735 level.
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