XAUUSD Weekly Forecast: Global Tensions Surge – Is Gold Primed for a New ATH?
Gold's moment of truth arrives as geopolitical sparks fly. The XAUUSD pair teeters on the edge of history—will it deliver a knockout punch or retreat under pressure?
The safe-haven playbook gets a stress test
With global tensions reaching a boiling point, traders are dusting off the oldest hedge in history. Gold's recent consolidation pattern resembles a coiled spring—but will the metal snap upward or fizzle out?
Technical setup screams breakout potential
The charts show a textbook pennant formation following March's rally. Volume indicators whisper about accumulation, while RSI sits in the Goldilocks zone—not too hot, not too cold.
Macro winds blow in gold's favor
Central banks keep buying while retail investors remain skeptical—a classic contrarian signal. Meanwhile, Wall Street's 'risk-on' crowd might soon rediscover that gold tends to shine brightest when their algorithmic toys break down.
Will gold finally punch through its all-time high? The metal's about to show whether it's still the ultimate crisis asset—or just another pet rock for doomsday preppers. Place your bets before the fireworks begin.
Key economic events of this week
Some significant U.S. economic reports are scheduled for release this week that are expected to impact XAUUSD.
Both PMIs were below expectations, suggesting that the economy may be slowing down. As expectations of a rate hike lessen, this might devalue the USD and drive up gold prices.
Powell’s stance on rates and inflation will have a significant impact on gold. Hawkish comments could have the opposite effect of dovish ones, which could weaken the dollar and increase gold.
An extension of the testimony. Gold might rise in anticipation of a more dovish or cautious monetary policy from Powell.
Weak growth is confirmed by a flat GDP; a deteriorating labor market is suggested by slightly rising jobless claims. Both might help gold because of bets on rate cuts and the recession.
Market sentiment will be influenced by this important inflation indicator. A light reading will probably increase gold prices, while a hot reading could damage them by rekindling concerns about rate hikes.
Gold HTF Overview
The HTF overview for gold is the same as last week. The closest liquidity in gold’s weekly chart is still to the upside, which is at $3500, and the internal liquidity is at $3120. The chances of $3500 hitting before $3120 are high due to fundamental and technical factors as well.
Gold Forecast for June 23rd to June 27th, 2025
Gold is slowly moving in a downward channel with no clear trend as of now. The direction is bearish due to the channel, and the first zone to buy gold is coming up at the 1h order block of $3332-3318.
The next buying opportunity in gold is coming on the 4h support of $3313-3293. This zone is the last major support in gold, which can give a good bounce, as breaking this zone can take gold DEEP into the 3200 area.
Selling in gold can be expected from the $3410-3424 level due to a 4h order block and FVG.
Trading Strategies & Investment Recommendation
To conclude, gold can give both buys and sells this week. Lower time frames are suggesting sells, while higher time frames are still favoring a buy position in gold.
Resistance Levels
- $3410-3424 – 4h order block and FVG
Support Levels
- $3313-3293 – 4h support
- $3332-3318 – 1h order block
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.