Gold is challenging ATH

Jun 14

Gold meets resistance at 3,440 on Friday, despite a surge in geopolitical risks amid the Iran-Israel war. We expect the market to have a correction before rising to all-time highs.

The ideal ATH level is 3,650

What we want to see to achieve ideal level ?

• The market rebounded from the POI level driven by a strong bull signal.
  
• The market break and retest the last high at 3,500.
  

If the market reverses sharply after breaking 3,500, all the above scenarios will be invalid and a false breakout pattern will occur.

Fundamental level that you should pay attention:-

1. The Federal Reserve’s interest rate decision will be announced next week, and investors expect Powell to keep interest rates unchanged.
   
2. The Iran-Israel war could intensify geopolitical risks in the Middle East. If tensions escalate further, we expect gold price to surge.
   
3. The Federal Circuit will appeal Trump's tariffs as an abuse of presidential power on July 31, 2025
   

Jun 19

Trade active

The market did not rebounded from POI level, instead it consolidate in there area for 8 consecutive sessions. The price is slowly moving to the channel support.

The ideal level not change, as the overall structure is still bullish bias.

There are 2 bullish signal :-
. Rebound from channel support
. Rebound from demand zone

Jun 22

Note

A short market recap for the long-term ideal price level.

The gold rebound with a strong momentum on Friday, gives a bull signal, however, 2H time chart was still respecting downtrend channel.

Due to US join Israel-Iran conflict on Sunday. We expect a gap up on downtrend channel and rising to 3,395 - 3,400 in tomorrow Monday open market.



After the gap up, we expect the market is going to fill up the gap level, and retest to the support level.

There are either 2 moves for perfect bull entry :-
. The market retest support 3,345.
. The market create a false breakout of 8H uptrend channel to retest demand zone.

Jun 23

Note

As last night prediction, the market gap up and reverse back to the support level, then rebound with bullish momentum.

But we did not expect the market reverse quickly after touch POI level "3,385 - 3,400", as last night we was expecting to fill up 1-2-3 moves to 3,395 by the momentum of last Friday.



Bullish confirmation to see:-
1. The market break POI level.
2. The market retest 3,450.

Jun 27

Order cancelled