XAU/USD quotes continue to move within the growth trend and have left the boundaries of the downward channel. At the time of publication of the forecast, the price of gold for today is $3345 per troy ounce. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines upwards, indicating pressure from buyers of the asset and a potential continuation of growth from current levels. At the moment, we can expect an attempt at a bearish correction of 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 3445 level.
GOLD Forecast and XAU/USD Analysis for July 3, 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 upper border of the bearish channel. A decline in quotes and a breakout of the 3235 level will cancel the option of growth in gold prices on July 3, 2025. This will indicate a breakout of the support area and a continuation of the decline in asset quotes to an area below the 3175 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 3415 level, which will indicate a breakout of the upper border of the bearish channel.
GOLD Forecast and XAU/USD Analysis for July 3, 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 3445 level. A fall in the asset’s value on the markets and a breakout of the 3235 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 3175 mark.
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