Gold Remains in Bullish Territory as RSI Supports Further Gains
On June 13, 2025, gold (XAU/USD) exhibits strong bullish behavior as prices stay firm above the intraday pivot point of $3392. Traders are closely watching upward momentum indicators, including the RSI, which remains above 50 and supports a continuation to higher resistance levels.
Intraday targets at $3440 and $3462 are active if bullish sentiment persists. Technical analysis suggests that gold is well-positioned to challenge upper resistance zones if buyers maintain control.
Intraday Technical Setup
- Pivot Point: $3392.00
Preferred Scenario:
- Long positions above $3392.00
- Targets: $3440.00 and $3462.00
Alternative Scenario:
- Short positions below $3392.00
- Targets: $3377.00 and $3360.00
RSI Comment:
The RSI is above its midpoint, indicating bullish momentum is likely to continue.
Price Action and Chart Analysis
The current gold price pattern is shaped by a bullish channel formation, with recent hourly and 4-hour candles closing higher above $3392. The sustained momentum and RSI behavior above 60 indicate strong buyer participation.
Volume has been consistent, confirming interest in the precious metal amid continued uncertainty in global markets. The recent consolidation phase above the pivot has given way to renewed upside interest.
Key Technical Levels
| Level | Type | Significance |
|---|---|---|
| 3462.00 | Resistance | Extension target of bullish wave |
| 3440.00 | Resistance | Initial bullish breakout target |
| 3392.00 | Pivot | Bullish bias-defining level |
| 3377.00 | Support | First fallback support |
| 3360.00 | Support | Strong intraday downside risk |
Fundamental Drivers
1. Inflation Hedge Appeal
Rising inflation expectations across key global economies are driving institutional interest back into gold as a safe haven.
2. Geopolitical Uncertainty
Ongoing geopolitical risks in Eastern Europe and the Middle East have elevated gold’s safe-haven appeal, supporting higher prices.
3. Central Bank Demand
Major central banks continue to increase their gold reserves, adding upward pressure to prices in the medium term.
4. U.S. Dollar Volatility
Dollar weakness due to dovish Fed expectations is contributing to higher gold prices, as USD-denominated assets become more attractive.
Trade Strategy for June 13, 2025
Bullish Setup:
- Entry: Above $3395
- Stop Loss: $3375
- Target 1: $3440
- Target 2: $3462
- Risk-Reward Ratio: 1:2.5
Bearish Setup (if price drops below pivot):
- Entry: Below $3390
- Stop Loss: $3405
- Target 1: $3377
- Target 2: $3360
- Risk-Reward Ratio: 1:2
Frequently Asked Questions (FAQs)
Q1: What is the key pivot level for gold today?
A1: The key pivot level for June 13, 2025, is $3392.00.
Q2: Is gold in a bullish or bearish trend?
A2: Gold is currently bullish above $3392 with targets at $3440 and $3462.
Q3: What does the RSI indicate today?
A3: The RSI is above 50 and showing upside momentum, confirming bullish sentiment.
Q4: What are the important resistance levels to monitor?
A4: Resistance levels include $3440 and $3462.
Q5: What supports the bullish case for gold?
A5: Bullish RSI, rising inflation expectations, central bank demand, and geopolitical tensions.
Q6: What could invalidate the bullish outlook?
A6: A sustained drop below $3392 could lead to a pullback toward $3377 or $3360.
Q7: Is gold impacted by the U.S. dollar today?
A7: Yes, dollar weakness is supporting gold’s upward movement.
Q8: What timeframes are bullish?
A8: H1 and H4 charts show a consistent bullish trend above the pivot.
Q9: Should I buy gold now?
A9: Consider buying only if price holds above $3392 and RSI remains bullish.
Q10: What risk factors should traders watch?
A10: Monitor U.S. economic data, Fed policy changes, and global political developments.
Disclaimer
This gold price analysis is for informational and educational purposes only. It should not be considered financial advice or a trading recommendation. Always conduct your own research or consult with a licensed financial advisor before entering any financial market. Trading gold and other commodities involves risk and may not be suitable for all investors.
