Close Menu
Daily ForexDaily Forex
  • Home
  • Broker Comparison
  • Market Rates
  • Market Updates
  • News
  • About us
  • Contact us
  • List your Broker
  • Advertise with us

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

US Jobs Report Preview: June NFP Set to Reveal Tepid Hiring Momentum as Rate Cut Bets Grow

July 3, 2025

GBP/JPY Pressured Near 196.00 Amid Soaring UK Gilt Yields and Political Uncertainty

July 3, 2025

EUR/USD Holds Near 1.1800 as Fed Rate Cut Bets Grow Following Weak US Jobs Data

July 3, 2025
Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • List Your Broker
  • Advertise with Us
  • Economic Calendar
Facebook X (Twitter) Instagram YouTube Telegram
Daily ForexDaily Forex
Demo
  • Home
  • Broker Reviews
  • Learn Forex
  • Learn Crypto
  • Market Rate
  • Market Updates
  • News
Daily ForexDaily Forex
Home » Gold Price Outlook: Momentum Builds as Bullish Structure Holds Firm
News

Gold Price Outlook: Momentum Builds as Bullish Structure Holds Firm

By Yasher RizwanJuly 3, 2025No Comments2 Mins Read1 Views
Facebook Twitter Pinterest LinkedIn Telegram Tumblr Email
Investors rush to gold as economic uncertainty and policy risks drive safe-haven demand globally.
Share
Facebook Twitter LinkedIn Pinterest Email

XAU/USD maintains upward momentum, poised to challenge key resistance levels at $3,396 and $3,451 as bullish momentum strengthens.

Gold prices continued their upward climb on Wednesday, signaling firm bullish sentiment after breaking above both the 50-day moving average and a recent downward trendline. The precious metal is now holding above previous resistance levels, showing resilience and setting the stage for further gains.

Key Indicators Confirm Bullish Control

The current trading range between $3,328 and $3,359 reflects solid buying interest, with gold comfortably holding above short-term technical barriers. These levels—once resistance—are now acting as support, reinforcing the strength of the breakout.

A crucial point of resistance lies at the 20-day EMA, currently near $3,349. A decisive move above Tuesday’s high of $3,358 or a daily close above the 20-day EMA would mark another validation of bullish momentum, likely driving prices toward the next key level of $3,396.

Critical Resistance Levels Ahead

The $3,396 mark represents a prior weekly swing high and stands as the next significant target for bulls. A breakout above this area would trigger a strong bullish signal across both daily and weekly timeframes. Beyond that, the $3,451 level is a critical barrier—previously capping upside attempts. A sustained move above this zone would open the door to a test of gold’s record high.

Outlook for Trend Continuation

Despite recent volatility, gold has reclaimed its place within a rising price channel that began forming earlier this week. This signals that buyers remain in control and the broader uptrend remains intact. Should gold manage a breakout above $3,451, accelerated gains could follow, with the next upside targets seen near $3,578, $3,603, and potentially $3,664.

Weekly Close Will Be Pivotal

With U.S. markets observing a shortened week due to the holiday, gold is still on track to post a bullish weekly close. A close near weekly highs would confirm continued strength and set a constructive tone for the coming sessions. Traders should watch this closely, as the weekly high may serve as the next key inflection point.

Stay Updated with Daily Forex Pakistan.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

GBP/JPY Pressured Near 196.00 Amid Soaring UK Gilt Yields and Political Uncertainty

July 3, 2025

EUR/USD Holds Near 1.1800 as Fed Rate Cut Bets Grow Following Weak US Jobs Data

July 3, 2025

AUD/USD Slides on Weak Retail Sales, but Market Sentiment May Offer Support

July 2, 2025

GBP/USD Clings to 1.3750 as Traders Eye US Jobs Data and Fiscal Turmoil

July 2, 2025

EUR/USD Holds Steady Near 1.1800 After Hitting Multi-Year High

July 2, 2025

AUD/USD Rebounds as U.S. Trade Strategy Shift Lifts Risk Sentiment

July 2, 2025
Leave A Reply Cancel Reply

Top Posts

Should Forex Traders Use Brokers Offering Deposit Bonuses? Is It Really Worth It?

March 6, 20252,715 Views

Pakistan Confident in IMF Bailout Review as Economic Stability Gains Momentum

March 4, 20252,651 Views

Gold Price in Pakistan Today – March 7, 2025 (Morning Update)

March 7, 20252,640 Views
Don't Miss

US Jobs Report Preview: June NFP Set to Reveal Tepid Hiring Momentum as Rate Cut Bets Grow

July 3, 2025

June’s U.S. Non-Farm Payrolls report is expected to show slowing hiring, fueling market speculation over upcoming Fed rate cuts.

GBP/JPY Pressured Near 196.00 Amid Soaring UK Gilt Yields and Political Uncertainty

July 3, 2025

EUR/USD Holds Near 1.1800 as Fed Rate Cut Bets Grow Following Weak US Jobs Data

July 3, 2025

AUD/USD and NZD/USD Chart Bullish Course Amid Dollar Weakness; USD/JPY Stuck in Neutral Territory

July 3, 2025
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest Reviews
Daily Forex
Facebook X (Twitter) YouTube
  • Home
  • Privacy Policy
  • Terms of use
  • Disclaimer
  • Feedback
Copyright © 2025 DailyForex.pk. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.