XAU/USD Price Action Analysis – June 12, 2025

XAU/USD Price Action Analysis – June 12, 2025 🪙📈

📊 Technical Overview:
The chart presents a clear range-bound market structure with well-defined zones of support and resistance:

📍 Key Levels:
🔴 Resistance Zone: $3,380 – $3,400
Price has been rejected multiple times from this level, as indicated by red arrows. It marks a strong supply zone.

🟢 Support Zone: $3,280 – $3,300
Price has bounced several times from this demand area, forming a reliable support base.

📏 Intermediate Level: $3,319.38
Marked with a purple line, this is likely a mid-range liquidity zone or a previous minor structure level.

🔄 Price Action Insights:
Double Bottom Formation: Notable at the support zone, confirming strong buying interest (highlighted with orange circles and green arrows). This pattern often signals a bullish reversal.

Current Price: Trading near $3,375.645, approaching the resistance area again.

Projected Scenarios:

Bullish Continuation 📈: Break and close above the resistance could trigger momentum to the upside — watch for a breakout with strong volume.

Pullback Scenario 🔁: A rejection from resistance could cause a retest of $3,319.38 or even the support zone, forming a higher low before a potential rally.

🧠 Strategy Outlook:
Bullish Bias 🐂 as long as price holds above $3,319.38.

Watch for Breakout 🚀 above resistance with volume confirmation for long entries.

Caution ⚠️ near resistance; ideal to wait for either a breakout or clear rejection.

📌 Conclusion:
The chart reflects accumulation within a range, with bullish structure emerging. A break above $3,400 could shift market sentiment decisively upward, while a failure at resistance invites a deeper pullback.