XAUUSD weekly gold forecast: Has the trend of gold shifted to sell?
2025-06-30 23:03:26
Main Idea
The article provides a weekly forecast for gold (XAUUSD) from June 30th to July 4th, 2025, discussing key economic events and trading strategies.
Key Points
1. Key economic events impacting XAUUSD include Fed Chair Powell's speech, ISM Manufacturing PMI, JOLTS Job data, ADP Non-Farm Employment Change, and unemployment rate updates.
2. Renewed rate hike expectations may strengthen the USD and pressure gold prices.
3. Gold price targets include $3122 (bearish) and $3441 (bullish), with key levels for shorting at $3320-3337 and buying at $3232-$3202.
4. Technical analysis highlights support/resistance levels and order blocks on various timeframes (30m, 3h, 4h).
5. The article emphasizes educational purposes and does not provide investment advice.
Description
The Iran and Israel war came to a halt as the USA intervened. Owing to this, safe haven assets like gold and silver saw a decline in prices. The bias in gold has now changed to sell; however, a retracement can be expected this week to major key levels from where traders can look to enter further sell positions. Let’s discuss the key pivot levels for gold buying and selling in this weekly forecast from June 30th to July 4th, 2025. Table of Contents Key economic events of this week Gold HTF Overvi...
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