XAU/USD quotes continue to move within the framework of the correction development and have left the descending channel. At the time of publication of the forecast, the price of Gold for today is 3331 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a bearish correction in the gold rate and a test of the support level near the 3295 area. Where should we expect an upward rebound and continued growth in the price of Gold with a potential target above the 3455 level.
GOLD Forecast and XAU/USD Analysis for July 4, 2025
An additional signal in favor of the growth of XAU/USD quotes will be a test of the support line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the upper border of the bearish channel. The cancellation of the growth scenario for Gold prices on July 4, 2025 will be a fall in quotes and a breakout of the 3235 level. This will indicate a breakout of the support area and a continuation of the fall in asset quotes to the area below the 3175 level. It is worth expecting an acceleration in the growth of XAU/USD quotes 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 4, 2025 suggests an attempt to develop a bearish price correction and test the support area near the 3295 level. Further, the continuation of the growth of non-ferrous metal quotes with a target above the 3455 level. The cancellation of the growth scenario for Gold prices will be a fall in the value of the asset on the markets and a breakout of the 3235 level. 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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