GOLD weekly special report based on 1.00 Lot Calculation:
GEOPOLITICS:
- MIDDLE EAST TENSIONS ESCALATE: ISRAEL ATTACKED IRANIAN NUCLEAR FACILITIES ON FRIDAY (JUNE 13); IRAN VOWS RETALIATION. According to Reuters, Israel carried out strikes on Iran on Friday, targeting its nuclear facilities, ballistic missile factories and military commanders at the start of what it warned would be a prolonged operation to prevent Iran from building an atomic weapon. The Chief of Iranian Revolutionary Guards has been killed, while other top military officials and nuclear scientists also have been targeted.
TECHNICAL ANALYSIS:
- DAILY MOVING AVERAGES POINT TO AN UPTREND: Gold prices have remained above the 20- and 50-day moving Averages, pointing to an ongoing uptrend. However, gold prices can also change their trend if prices fall below the 20- and 50-day moving averages.
- MID–TERM UPTREND CHANNEL: As depicted by the daily chart below, the gold price has kept trading within the mid-term blue-lined uptrend channel, confirming its mid-term trend is up. However, there remains a risk of a potential breakout below this level if market conditions change.
- GOLD HIT A NEW ALL-TIME HIGH OF $3,499.76 (April 22, 2025). Gold has traded around $3,415, and if a full recovery takes place, the price of Gold could rise around $85. Although the price could decline as well.
GRAPH (Daily): April 2025 – June 2025
Please note that past performance does not guarantee future results
EVENTS:
- TUESDAY, JUNE 17 AT 13:30 GMT+1: US RETAIL SALES (MAY). US Retail Sales monthly data for May will be released on June 17. In April, data showed higher than expected activity (0.1% vs. 0.0% expected), but down from March’s 1.7%. If data in general remain in downtrend month after month, it could encourage US Federal Reserve to sooner then later further cut its benchmark interest rates. This in turn, could put some positive pressure on Gold.
- WEDNESDAY, JUNE 18 AT 19:00 GMT+1: FED INTEREST RATE DECISION. The Federal Reserve is expected to keep interest rates unchanged at 4.5% in June, but it is expected to cut rates to 4.00% or lower by the end of 2025.
ANALYSTS’ OPINION:
- 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.
- UBS has a price target of $3,500.
Source: Reuters, Bloomberg, CNBC
GOLD, June 13, 2025
Current Price: 3,415
|
GOLD |
Weekly |
|
Trend direction |
|
|
3,700 |
|
|
3,600 |
|
|
3,500 |
|
|
3,340 |
|
|
3,320 |
|
|
3,300 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
GOLD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
28,500 |
18,500 |
8,500 |
-7,500 |
-9,500 |
-11,500 |
|
Profit or loss in €2 |
24,671 |
16,015 |
7,358 |
-6,492 |
-8,224 |
-9,955 |
|
Profit or loss in £2 |
21,008 |
13,637 |
6,266 |
-5,528 |
-7,003 |
-8,477 |
|
Profit or loss in C$2 |
38,813 |
25,194 |
11,576 |
-10,214 |
-12,938 |
-15,661 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 08:30 (GMT+1) 13/06/2025
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.