GOLD Analysis: Bulls May Extend Further

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for June 13, 2025.

Fundamental Analysis of GOLDGOLD Key Takeaways

• Tensions in the Middle East: In the early morning of the 12th local time, Israel launched an attack on Iran, and continuous explosions were heard in Tehran, the capital of Iran. The Israeli Air Force is launching air strikes on dozens of targets related to nuclear programs and other military facilities in Iran, and named the operation “Lion‘s Power”. Israel may plan to launch multiple rounds of strikes on Iran, which sources say will last for a week. Israeli Foreign Minister Katz declared a state of emergency in the country, and Israel is expected to be attacked in retaliation.

• The scale of Iran’s counterattack has become a key variable: Iran‘s counterattack strength is a key factor. At present, risky assets are pulling back, while safe-haven assets such as the yen and US bonds are favored by the market. If Tehran’s response is restrained and energy supplies are not disrupted, then based on past experience, the risk premium may disappear quickly. However, once there are signs of retaliatory actions or energy supply disruptions, market volatility will remain high, and crude oil prices and safe-haven asset prices will also rise.

Technical Analysis of GOLDGOLD Daily Chart Insights

• Stochastic oscillator: The stochastic indicator at the bottom shows that both the %K line (blue) and the %D line (red) have entered the overbought area above 80, and the %K line is above the %D line. This shows that the market is in extremely strong bullish momentum in the short term. Although the overbought signal itself does not constitute a direct reason to sell (the indicator may continue to be overbought in a strong trend), it reminds investors to be wary of the risk of a short-term correction or consolidation after the price fails to hit the previous high.

• Upper resistance: The current price (about $3,429) is actively challenging the previous high area set in mid-April and late May (about $3,450-3,480). This is the most critical resistance level in the short term. If this area can be effectively broken through with large volume, the upward space is expected to open up further.

GOLD 2-hour Chart Analysis

• Stochastic oscillator: The long MA arrangement accelerates upward: the EMA MA system (purple 13EMA, black 65EMA, green 200EMA) presents a clear and steep long arrangement. The purple 13EMA is much higher than the black 65EMA, and the black 65EMA is much higher than the green 200EMA. All three MAs are accelerating upward divergence, which is a very strong signal of the long market, indicating that buying power is absolutely dominant in the short term.

• Price Action: The recent bars, especially the last one, are large positive lines with full bodies, showing strong buying willingness and market confidence, with almost no upper shadow line, indicating sufficient upward momentum.

GOLD Pivot Indicator

• According to the trading central in Ultima Markets APP, the central price of the day is established at 3392,

• Bullish Scenario: Bullish sentiment prevails above 3392, first target 3440 , second target 3462;

• Bearish Outlook: In a bearish scenario below 3392, first target 3377, second target 3360.

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