XAU/USD quotes continue to move within the framework of the correction and the formation of a “Triangle” pattern. At the time of publication of the forecast, the price of GOLD for today is 3366 dollars per troy ounce. Moving averages indicate a short-term upward 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. Now, we should expect an attempt at a bearish correction in the gold price and a test of the support level near the 3305 area. From there, we can expect an upward rebound and a continuation of the rise in the price of GOLD with a potential target above the 3745 level.
GOLD Weekly Forecast XAU/USD June 23 — 27, 2025
An additional signal in favor of a decline in 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 lower border of the “Triangle” pattern. A decline in quotes and a breakout of the 3215 level will cancel the option of growth in GOLD prices on June 23 — 27, 2025. This will indicate a breakout of the support area and a continuation of the decline in asset quotes to an area below the 3165 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 3505 level, which will indicate 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 XAU/USD June 23 — 27, 2025 suggests an attempt to develop a bearish price correction and test the support area near the 3305 level. Further, the non-ferrous metal quotes will continue to grow with a target above the 3745 level. A decline in the asset’s value on the markets and a breakout of the 3215 level will negate the possibility of gold price growth. This will indicate a continuation of the decline in the price of GOLD with a potential target below the 3165.
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