XAU/USD quotes continue to move within the correction and downward channel. At the time of publication of the forecast, the price of gold for today is 3351 dollars per troy ounce. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines downwards, indicating pressure from asset sellers and a potential continuation of the decline from current levels. At the moment, we should expect an attempt to develop a bearish correction in the gold price and a test of the support level near the 3310 area. From there, we can expect an upward rebound and continued growth in the price of gold with a potential target above the 3450 level.
GOLD Forecast and XAU/USD Analysis for July 15, 2025
An additional signal in favor of growth in XAU/USD quotes will be a test of the support line on the relative strength indicator (RSI). The second signal will be a rebound from the lower border of the bullish channel. A fall in quotes and a breakout of the 3280 level will cancel the option of growth in gold prices on July 15, 2025. This will indicate a breakout of the support area and a continuation of the fall in asset quotes to an area below the 3235 level. An acceleration in the growth of XAU/USD quotes should be expected with a breakout of the resistance area and the price closing above the 3380 level, which will indicate a breakout of the upper border of the downward correction channel.
GOLD Forecast and XAU/USD Analysis for July 15, 2025suggests an attempt to develop a bearish price correction and test the support area near the 3310 level. Further, the growth of non-ferrous metal quotes will continue with a target above the 3450 level. A fall in the asset’s value on the markets and a breakout of the 3280 level will cancel the option of growth in gold prices. This will indicate a continuation of the decline in the price of gold with a potential target below the 3235 mark.
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