GOLD weekly special report based on 1.00 Lot Calculation:
TECHNICAL ANALYSIS:
- SUPPORT AREA BETWEEN $3,300 AND $3,200: Gold prices have seen near-term support at $3,300, and an extended support level at $3,200, meaning the area between $3,300 and $3,200 altogether acts as a near-term support area.
- LONG–TERM UPTREND: As depicted by the daily chart below, the gold price has kept trading above the long-term dark blue uptrend line, confirming its long-term trend is up. However, there remains a risk of a potential breakout below this level if market conditions change.
- 14- DAY RELATIVE STRENGHT INDEX (RSI) POINTS TO A POTENTIAL RECOVERY: The index has recently approached the oversold territory, marked by 30, before it started to slope upwardly, signalling a potential change of the near-term trend and a potential price recovery. Although, gold prices could also go into the opposite direction.
- 100- DAY MOVING AVERAGE POINTS TO AN UPTREND: The 100-Day Moving Average continued to point to an uptrend as the gold price has remained steady above it.
- GOLD HIT A NEW ALL-TIME HIGH OF $3,499.76 (April 22, 2025): Gold has traded around $3,282, and if a full recovery takes place, the price of Gold could rise around $220. Although the price could decline as well.
GRAPH (Daily): December 2024 – June 2025
Please note that past performance does not guarantee future results
EVENTS:
- TUESDAY, JULY 1, AT 14:30 GMT+1: FEDERAL RESERVE CHAIR JEROME POWELL SPEAKS (SINTRA, PORTUGAL). Mr. Powell will speak at the European Central Bank (ECB) forum, which is tradiionally organized each year in Sintra, Portugal. As the Chairman of the FED Jerome Powell’s word holds sway over the value of the dollar. If he, in his speech, points to how soon the FED will continue its interest rate cuts it could strongly influence the value of the US dollar.
- TUESDAY, JULY 1, AT 15:00 GMT+1: US ISM MANUFACTURING PMI (JUNE): A lower than expected index should be supportive for Gold, because a weaker economy will motivate the FED to cut interest rates sooner rather than later. This data represents a compilation of monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies. The result for the previous month was 48.5 which was lower than the month before (48.7).
- THURSDAY, JULY 3, AT 13:30 GMT+1: US NON-FARM PAYROLL (NFP) AND UNEMPLOYEMENT RATE (JUNE). A lower than expected result should prove positive for Gold, because it could point to the further FED interest rate cuts. This data measures the change in the number of people emplyed during the previous month, excluding the farming industry. The data for the previous month came in at 139,000, which was lower than for the month before (147,000).
ANALYSTS’ OPINION:
- UBS has a price target of $3,500.
- CITIGROUP has a price target of $3,500
- J.P. MORGAN has a price target of $3,675.
- GOLDMAN SACHS has a price target of $3,700.
Source: Reuters, Bloomberg, CNBC
GOLD, June 30, 2025
Current Price: 3,282
|
GOLD |
Weekly |
|
Trend direction |
|
|
3,500 |
|
|
3,450 |
|
|
3,350 |
|
|
3,220 |
|
|
3,210 |
|
|
3,200 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
GOLD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
21,800 |
16,800 |
6,800 |
-6,200 |
-7,200 |
-8,200 |
|
Profit or loss in €2 |
18,593 |
14,329 |
5,800 |
-5,288 |
-6,141 |
-6,994 |
|
Profit or loss in £2 |
15,914 |
12,264 |
4,964 |
-4,526 |
-5,256 |
-5,986 |
|
Profit or loss in C$2 |
29,803 |
22,967 |
9,296 |
-8,476 |
-9,843 |
-11,210 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 09:10 (GMT+1) 30/06/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.