Gold Price Struggles at Key Support Zone

Technical Analysis – Data as of June 25–26, 2025
In the latest trading sessions, XAUUSD continues to move within a narrow range, reflecting a cautious market sentiment awaiting clearer signals. The daily chart shows price hovering around the 3,341 USD level — aligning with the 0.618 Fibonacci retracement and intersecting key descending trendlines and previous correction zones.
1. Notable Price Action:
Gold has bounced slightly from the 3,294 USD support and retested the 3,360–3,365 USD resistance but failed to break through.

Small-bodied candles with long wicks indicate indecision, suggesting that neither buyers nor sellers have a clear upper hand.

The descending trendline (blue line) is acting as a significant resistance barrier, with each bullish attempt being rejected.


2. Key Support and Resistance Levels:
Immediate Support: 3,294 – 3,296 USD
Nearby Resistance: 3,360 – 3,365 USD
Crucial Breakout Zone: 3,382 – 3,394 USD (Fibonacci 0.618 – 0.786 of the latest downleg)

3. Short-Term Trading Strategy:
If XAUUSD maintains support above 3,294 USD, a short-term technical rebound toward 3,360 – 3,394 USD is possible.

However, a clean break below 3,294 with strong volume could trigger further downside momentum, potentially targeting 3,265 USD or even 3,221 USD.

4. Overall Outlook:
The market is currently in a state of uncertainty, with neither side showing dominance. Traders are advised to wait for a decisive breakout in either direction before entering new positions. Breakout trading strategies with volume confirmation should be prioritized in this phase.