GOLD Analysis: Bull Trend Needs Confirmation

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for July 1, 2025.

Technical Analysis of GOLDGOLD Daily Chart Insights

• Stochastic oscillator: The indicator shows that both the %K line (blue) and the %D line (red) have entered the oversold area below 20. This shows that the recent downward momentum has been fully released and the market is in an oversold state. Although this does not mean an immediate reversal, it strongly suggests that the downside may be limited and there is potential rebound demand near key support levels.

• Retracing to 65MA: After hitting a high in mid-June, the price has seen a round of correction and has effectively fallen below the previous dynamic support line-the purple 13EMA. At present, the price has fallen back to the black 65EMA (currently around $3250-3270), which is a very important support level for the medium-term trend. In a healthy uptrend, price pullbacks to the 65EMA often attract buying intervention.

GOLD 2-hour Chart Analysis

• Stochastic oscillator: The indicator shows that both the %K line (blue) and the %D line (red) have quickly risen to the overbought area above 80. This confirms the strength of the short-term rebound, but it also strongly suggests that the market may face the need for a technical correction or consolidation, especially when the price hits the key 65EMA resistance, and the risk of chasing highs is increasing.

• MA resistance: The core focus in the short term is whether the price can effectively break through and stand above the black 65EMA. If it can successfully break through, the rebound space is expected to open up further, with the target pointing to the 200EMA. On the contrary, if it is blocked and falls back near the 65EMA, it may re-test the support of the 13EMA downward, or even return to the down channel.

GOLD Pivot Indicator

• According to the trading central in Ultima Markets APP, the central price of the day is established at 3288,

• Bullish Scenario: Bullish sentiment prevails above 3288, first target 3335, second target 3350;

• Bearish Outlook: In a bearish scenario below 3288, first target 3274, second target 3263.

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Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.