Gold Eyes Rebound as Key Resistance Levels Loom – Price Forecast and Technical Analysis for June 26, 2025
Gold prices are attempting a rebound after recent declines, as traders weigh global risk sentiment, U.S. economic data, and upcoming geopolitical catalysts. On June 26, 2025, technical analysis points toward a bullish shift, with the yellow metal finding strong support around the $3311 pivot level. Momentum indicators such as the RSI and price action patterns suggest that gold could rise toward the $3357 and $3372 resistance zones if upward momentum continues.
This article provides a comprehensive and SEO-optimized Gold price forecast, combining technical levels, chart analysis, and strategic trade setups for both bullish and bearish scenarios.
Gold Price Forecast – Technical Overview
Intraday Bias: Turning Up
Pivot Point: $3311.00
Preferred Strategy:
We recommend long positions above $3311.00, targeting immediate resistance at $3357.00 and extended gains toward $3372.00.
Alternative Scenario:
If the price falls below $3311.00, expect a bearish move with downside targets at $3295.00 and $3271.00.
Commentary:
Gold appears to be regaining bullish momentum. The Relative Strength Index (RSI) has bounced off the lower range and is now heading upwards, supporting a potential rally. The $3311 zone has emerged as a short-term support floor, giving bulls confidence to push higher.
Key Technical Levels to Watch
| Level Type | Price (USD) |
|---|---|
| Resistance 2 | 3372.00 |
| Resistance 1 | 3357.00 |
| Pivot Point | 3311.00 |
| Support 1 | 3295.00 |
| Support 2 | 3271.00 |
Technical Indicators Summary
- RSI (Relative Strength Index): Rising above 50 – bullish momentum building.
- MACD: Showing signs of convergence, possibly indicating a fresh bullish crossover.
- 50 EMA: Currently flat but slightly upward – supports short-term upside.
- Price Action: Forming higher lows; bullish breakout possible above $3357.
Market Sentiment & Fundamental Context
- U.S. Dollar Influence: The dollar index (DXY) remains rangebound, allowing gold breathing room to recover.
- Central Bank Expectations: Traders are closely monitoring Federal Reserve commentary on inflation and interest rate projections.
- Geopolitical Risks: Continued tensions in the Middle East and discussions around global trade are fueling safe-haven demand.
- ETF Flow: Gold-backed ETFs saw slight inflows this week, signaling returning investor interest.
Trading Strategy for June 26, 2025
Bullish Setup:
- Entry: Buy above $3311
- TP1: $3357
- TP2: $3372
- SL: $3295
Bearish Setup (if pivot breaks):
- Entry: Sell below $3311
- TP1: $3295
- TP2: $3271
- SL: $3330
Risk-reward setups should be carefully managed depending on volatility and macroeconomic announcements.
Frequently Asked Questions (FAQs)
Q1: What is the pivot point for gold today?
A1: The key pivot point is $3311.00.
Q2: Is gold expected to rise on June 26, 2025?
A2: Yes, gold is showing bullish momentum above $3311. A break above $3357 could trigger further upside.
Q3: What are the main resistance levels for gold?
A3: The next resistance zones are $3357 and $3372.
Q4: What happens if gold falls below $3311?
A4: If $3311 breaks, gold could slide toward $3295 and even $3271.
Q5: How reliable is RSI for trading gold?
A5: RSI is a popular momentum indicator. Currently, RSI supports a bullish bias as it’s climbing above the neutral 50 zone.
Q6: What economic data can impact gold prices?
A6: U.S. inflation, interest rate announcements, and dollar movement have a direct impact on gold.
Q7: Is gold a good buy now?
A7: As long as gold remains above $3311, it presents a favorable buying opportunity for short-term traders.
Q8: Can geopolitical news affect gold price forecasts?
A8: Yes, global tensions and conflicts often boost demand for gold as a safe-haven asset.
⚠️ Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Trading gold or any commodity involves significant risk. Please consult a certified financial advisor before making investment decisions.
