Gold remains under pressure as it struggles to break above the critical resistance level of $3388. Traders are advised to approach with a bearish bias unless the price decisively moves above the pivot. Today’s setup highlights potential opportunities for short-term traders.
📊 Intraday Technical Outlook
- Pivot Level: $3388.00
- RSI Status: Bearish, declining from the neutral zone
🟥 Preferred Scenario – Bearish Bias:
- Sell Below: $3388.00
- Target 1: $3360.00
- Target 2: $3345.00
🟩 Alternative Scenario – Bullish Breakout:
- Buy Above: $3388.00
- Target 1: $3400.00
- Target 2: $3410.00
📉 RSI and Momentum Insights
The RSI indicator has reversed after testing the 50% neutrality line, signaling a growing downside bias. If the RSI dips further below 45, expect increasing bearish momentum in the short term.
📌 Key Levels to Watch
Resistance Levels:
- Immediate Resistance: $3388 (pivot)
- Next Resistance: $3400
- Major Resistance: $3410
Support Levels:
- First Support: $3360
- Stronger Support: $3345
Market Sentiment and Fundamentals
- U.S. Dollar Strength: Ongoing strength in the USD has weighed heavily on gold, as rising Treasury yields discourage non-yielding assets.
- Interest Rate Expectations: Hawkish comments from the Federal Reserve continue to support a stronger dollar outlook.
- Geopolitical Developments: Market remains sensitive to any Middle East tensions, which could still spark short-term safe-haven demand for gold.
- Inflation Data: CPI figures released earlier this week came in below expectations, weakening inflationary support for gold prices.
Trading Tips for June 19, 2025
- Watch for price rejection at $3388 using bearish candlestick signals.
- Use tight stop-loss above $3405 to protect against false breakouts.
- Confirm bearish bias with RSI below 50 and downward price structure.
- Avoid entering trades during low-volume Asian session for better confirmation.
Frequently Asked Questions (FAQs)
Q1: What is the pivot point for gold today?
A1: The pivot level is $3388.
Q2: What’s the trend for gold on June 19, 2025?
A2: Bearish, unless the price breaks and holds above the $3388 pivot.
Q3: What does the RSI indicate?
A3: RSI is bearish, suggesting downside continuation.
Q4: What are the immediate support and resistance levels?
A4: Support at $3360 and $3345; resistance at $3388 and $3410.
Q5: Is this forecast for intraday or swing trading?
A5: It’s optimized for intraday trading setups.
Q6: Can gold break above $3388 today?
A6: If momentum increases and RSI climbs back above 50, a breakout is possible, but odds currently favor the downside.
Q7: Should I trade gold during the U.S. session?
A7: Yes, high volume and volatility during the U.S. session offer better setups.
⚠️ Disclaimer:
This article is for educational purposes only and does not constitute financial advice. Trading gold or any financial instrument carries risk. Please consult with a licensed financial advisor before making any trading decision. The forecast is based on current technical analysis as of June 19, 2025.
