Summer Doldrums Are Hitting Gold, Prices Could Remain Below $3,300 Next Week
8 Articles
8 Articles
Gold Technical Analysis Report 27 June, 2025 - FinanceFeeds
Gold broke support zone Likely to fall to support level 3250.00 Gold recently broke the support zone located between the support level 3300.00 (which has been reversing the price from the end of May, as can be seen from the daily Gold chart below) and the 50% Fibonacci correction of the upward wave (B) from the start of May. The breakout of this support zone should accelerate the active short-term impulse wave 1 of the higher order downward impu…
Gold Once Again Approaches a Cliff Edge - Action Forex
The Israel and Iran ceasefire has reduced demand for gold as a safe-haven asset. The precious metal failed to break out of the medium-term consolidation range of $3,100 to $3,400 per troy ounce and resume its upward trend. This signals weakness among bulls and allows Citigroup to predict a fall in prices below $3,000 in 2026. According to the bank, thanks to Donald Trump’s ‘big and beautiful’ tax bill, the acceleration of the US economy will pus…
The price of gold continues to weaken below $ 3,300, updating its monthly minimum before the US PCE data. - World Stock Market
The price of gold collapses to a new monthly minimum and seems prepared to register strong weekly losses. Betting for a Fed rates cut and a bassist USD are little to support the Xau/USD or stop the fall. Operators expect the publication of the US Personal Consumption Expenditure Index (PCE) for a new directional impulse. The price of gold (Xau/USD) extends its constant intra-decrease during the first half of the European session on Friday and fa…
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