Gold Monthly Forecast: June 2025 (Chart)

(MENAFN- Daily Forex)

• The gold market has been fairly noisy during the month of May, as we continue to see a lot of questions asked about the overall trend in gold.
• Keep in mind that gold is an extraordinarily volatile market sometimes, and the fact that the tariff situation is a bit murky at the moment does make a certain amount of sense that we see gold indecisive.
• At this point in time it looks like the gold market is relatively range bound, and we have a couple of levels worth paying attention to.

Technical Analysis

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I believe that the $3200 level below is a bit of a floor in the market, and as long as we can stay above there, then I think it's likely that the gold market stay somewhat elevated. However, if we were to break down below the $3200 level, then it opens up the possibility of a move down to the $3000 level, where I think the trend is defined. On the other hand, if we break to the upside, the market could go looking to the $3500 level. The $3500 level is a large, round, psychologically significant figure that a lot of people will be watching. The $3500 level being broken to the upside would obviously be an extraordinarily bullish turn of events.

EURUSD Chart by TradingView

The most likely outcome during the month of June is probably going to be sideways action, just as I think we will probably see in a lot of markets. In fact, I would even make the argument that the gold market might be getting a little heavy at this point as it needs correction, and we will have to watch the US dollar as to what it might do to the gold market because if we do see the US dollar take off to the upside, then we could see gold struggling a bit. However, the market has been in an uptrend for quite some time, so I think June will just be a matter of buying on the dips and keeping your expectations somewhat mild.

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