Contents
Market Recap
The gold market remains dynamic, with prices approaching a two-week high amid geopolitical turbulence and US dollar weakness. Traders should consider Exness for XAU/USD trading due to its competitive spreads and real-time market analysis tools.Current Price Action and Trends
Price Level:
Gold is trading at $3,376.12 per ounce as of June 19, 2025, reflecting a 0.22% intraday gain.Trend:
Bullish momentum persists, driven by safe-haven demand and fed policies. Prices have risen 25.65% year-to-date.Key Levels:
- Support: $3,315 (critical breakout level)
- Resistance: $3,376 (current price) and $3,500 (all-time high)
- Long-Term Target: $3,500 based on historical trends
Trading Strategy for XAU/USD
Entry Points
- Pullback Entry: Buy on dips to $3,317 (slightly above the 3,315 support level)
- Breakout Entry: Initiate long positions above $3,376 with confirmation from volume spikes
Risk Management
- Stop Loss (SL): Place SL at $3,305 (below the 3,315 support to account for slippage)
- Take Profit (TP):
- First TP: $3,320 (risk-reward ratio 1:2)
- Second TP: $3,400 (adjusted for volatility)
Key Indicators to Monitor
- RSI: ~65 (approaching overbought; watch for divergence from price peaks)
- Moving Averages: 50-day MA crossing above 200-day MA confirms bullish trend
Rationale for Strategy
Bullish Drivers:- Geopolitical risks (Israel-Iran tensions, Ukraine/Russia ceasefire talks)
- US dollar weakness from Fed dovishness and Moody’s credit downgrade
Final Advice
Emphasize setting stop loss at $3,305, taking profit at $3,320 and $3,400. Monitor geopolitical news and Fed communications to stay informed of sudden market changes.