XAU/USD quotes continue to move within a growth and bullish channel. As of the time of this forecast’s publication, the price of gold is $3,331 per troy ounce. Moving averages indicate a short-term upward trend. Prices have broken through the area between the signal lines downward, indicating pressure from buyers of the asset and a potential continuation of growth from current levels. Currently, we can expect a bearish correction in the gold price and a test of the support level near the $3,265 mark. Then, we can expect an upward rebound and a continuation of the rise in the gold price with a potential target above the $3,465 level.
GOLD Forecast and XAU/USD Analysis for June 12, 2025
An additional signal favoring a decline in XAU/USD quotes will be testing the support line on the relative strength indicator (RSI). A second signal will be a rebound from the lower border of the bullish channel. A decline in quotes and a breakout of the 3225 level will cancel the growth option for gold prices on June 12, 2025. This will indicate a breakout of the support area and a continuation of the decline in asset quotes to an area below the 3,135 level. Expect an acceleration in XAU/USD quote growth with a breakout of the resistance area and a closing price above 3,355.
GOLD Forecast and XAU/USD Analysis for June 12, 2025 suggests an attempt at a bearish price correction and a test of the support area near the 3,265 level. Subsequently, the growth of non-ferrous metal quotes will continue, targeting the 3465 level. A fall in the asset’s value and a breakout of the 3,225 level will cancel the growth option in gold prices. This would indicate a continuation of the decline in gold prices, with a potential target below the 3,135 mark.
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