[GOLD 2025-06-22]

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Market Recap

Over the past few days, gold prices have exhibited notable volatility, influenced by a combination of geopolitical tensions, economic data releases, and market sentiment shifts. As of June 22, 2025, spot gold is trading at approximately $3,381.10 per ounce, reflecting a slight decline of 0.2% from the previous day. source

In recent developments, Citi has revised its gold price forecasts downward, anticipating prices could fall below $3,000 per ounce by late 2025 or early 2026 due to weakening investment demand and an improved global economic outlook. source Conversely, Bank of America has increased its gold price forecasts for 2025 and 2026, citing ongoing uncertainty from U.S. trade policies as a sustaining factor for prices. source

Given these mixed forecasts, it’s crucial to approach XAUUSD trading with caution. For those interested in trading XAUUSD, Exness offers competitive spreads and high leverage, making it a favorable platform for gold trading. source

Current Price Action and Trends

Price Level:

Spot gold is currently trading at $3,381.10 per ounce, reflecting a slight decline of 0.2% from the previous day. source

Trend:

The overall trend remains bullish, with gold prices maintaining levels above $3,300 per ounce. However, recent downward revisions in forecasts suggest potential short-term bearishness. source

Key Levels:

Support:

• $3,277.91: First line of support on retracements.
• $3,228.38: Secondary support zone.
• $3,184.80 (50-day SMA): Strong technical base and potential trend reversal point. source

Resistance:

• $3,310.48: Recently breached; serves as the immediate breakout level.
• $3,435.06: Next technical resistance.
• $3,500.20: All-time high and significant psychological barrier. source

Long-Term Target:

Analysts have mixed long-term projections for gold prices. Citi anticipates prices could fall below $3,000 per ounce by late 2025 or early 2026. source Conversely, Bank of America forecasts gold will trade at $3,063 per ounce in 2025 and $3,350 per ounce in 2026. source

Trading Strategy for XAUUSD

Entry Points

Pullback Entry:

Consider entering a long position if gold prices retrace to the $3,277.91 support level, with confirmation from bullish reversal patterns or indicators.

Breakout Entry:

Enter a long position if gold prices break above the $3,310.48 resistance level, supported by strong volume and bullish momentum.

Risk Management

Stop Loss (SL):

Set a stop loss below the $3,277.91 support level to limit potential losses in case of a price reversal.

Take Profit (TP):

Set a take profit target near the $3,435.06 resistance level, adjusting based on market conditions and risk tolerance.

Key Indicators to Monitor

RSI:

Monitor the Relative Strength Index (RSI) for overbought or oversold conditions. An RSI above 70 indicates overbought conditions, while below 30 suggests oversold conditions. source

Moving Averages:

Keep an eye on the 50-day and 200-day Exponential Moving Averages (EMA) to gauge market momentum. A crossover of the 50-day EMA above the 200-day EMA can signal a bullish trend. source

Rationale for Strategy

Bullish Drivers:

• Ongoing geopolitical tensions and economic uncertainties may drive investors toward gold as a safe-haven asset.
• Recent downward revisions in gold price forecasts by major banks could lead to buying opportunities if prices dip.

Volatility:

Be prepared for potential volatility due to mixed forecasts and market reactions to economic data releases.

Final Advice

Trading XAUUSD requires a balanced approach, considering both technical indicators and fundamental factors. Utilize Exness’s risk management tools, such as stop-loss and take-profit orders, to protect your investments. source Stay informed about global economic developments and adjust your strategy accordingly. Remember, while gold can offer attractive trading opportunities, it’s essential to trade responsibly and within your risk tolerance.