empty
11.06.2025 06:35 PM
XAU/USD. Analysis and Forecast

This image is no longer relevant

Currently, the price of gold remains confined within a weekly range. The key factors supporting price growth include a decision by the U.S. federal appellate court to uphold President Donald Trump's "Liberation Day" tariffs while the court continues reviewing their suspension. This adds uncertainty to the markets, boosting demand for safe-haven assets and thereby supporting the price of the precious metal.

An additional positive factor is growing market expectation that the Federal Reserve will lower interest rates in 2025, making gold more attractive. At the same time, caution persists among traders: optimism surrounding a potential positive outcome in U.S.–China trade negotiations is keeping market participants from opening new bullish positions in gold. Moreover, there is some strengthening in the U.S. dollar, which is also limiting upward momentum for the yellow metal.

Technical Outlook

From a technical perspective, the overnight rebound from the 200-period simple moving average (SMA) on the 4-hour chart and the subsequent move upward favor the bulls. A further push beyond the immediate resistance at $3350 would confirm the bullish outlook, opening the way toward the next obstacle at $3377 and possibly reaching the round level of $3400. However, oscillators on the same chart have not yet begun to show positive momentum, so bulls should remain cautious.

On the other hand, weakness below the $3325 level would likely attract buyers again, with solid support near the round level of $3300. Further selling that leads to a drop below the 200-period SMA zone on the 4-hour chart would shift the bias in favor of the bears, pulling gold prices down toward the monthly low. After that, the XAU/USD pair could continue its corrective decline toward the round level of $3200.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.