🟡 Gold Price Forecast for Friday, June 13, 2025
1. 📊 Today’s Market Snapshot (June 13)
Spot gold hit a fresh high today—trading around $3,411/oz, inching close to April’s all‑time high of $3,425.30 .
U.S. gold futures climbed alongside spot, driven by safe‑haven demand amid Middle East tensions and inflation concerns .
MCX futures in India stayed bullish, staying above ₹98,000 per 10g after yesterday’s jump .
A rare market twist: stocks, bitcoin, and gold are all hitting near‑record highs at once—signaling global uncertainty, not just risk-on sentiment .
Bottom line: today was all about geopolitical jitters, green‑backs dropping, and investors stacking gold.
2. 🌍 Key Drivers Behind the Move
a. Middle East Tensions
Rising Iran rhetoric and oil market volatility are driving investor demand for safe‑haven assets like gold .
b. Dollar Weakness
The U.S. dollar dropped to multi‑week lows, making gold relatively cheaper for global buyers .
c. Strong Inflation Data
Although CPI cooled, markets are eyeing upcoming PPI data—and that’s keeping traders cautious .
d. Trade‑War Outlook
U.S.–China framework deal is still evolving—partial progress helps, but any rollback in trade optimism could boost gold further .
e. Central Banks & Technical Breakout
Heavy central‑bank buying (Goldman Sachs, Bank of America backing) plus a price breakout above $3,346 triggered more buying .
3. 🔎 Trader Check: Chart Signals
According to Daily Forex, FX Empire, and Trading View:
Support Zones: $3,360–$3,370
Resistance Levels: $3,403…surge atop risk zone…$3,425 break triggers next leg .
Trend: Clearly bullish—price is holding above EMA‑50, RSI is positive .
Weekly Outlook: A minor pullback to $3,275 remains possible per Forex 24, but long-term remains upbeat until resistance breaks .
In plain terms: dip‑buyers are in control; don’t short the rally unless prices fall below $3,360.
4. 🔮 Tomorrow’s Outlook: Friday, June 13
Let’s break it into three scenarios:
Scenario Opening Level Intraday Move Expected Range
Base Case $3,400–$3,415 Consolidation/bounce $3,390–$3,430
Bullish Breakout $3,415–$3,435 Surge to next high $3,420–$3,450
Bearish Pullback $3,370–$3,390 Profit-taking dip $3,350–$3,410
Catalysts to watch for:
Friday’s PPI release
Any new word from Middle East tensions
Dollar fluctuations during the early US session
5. 🧠 What the Pros Are Saying
MarketWatch/Bleakley Financial sees gold near $3,411 pushing for breakout to $3,509 if momentum holds .
MarketWatch also notes the rare convergence of stocks, bitcoin & gold, driven by global uncertainty .
Reuters analysts highlight dip-to-buy interest above $3,346 and note safe‑haven flows from Middle East tensions .
Economic Times (India) sees ₹98k level as a key watchpoint—sell on rise could trim the rally .
Forex24.com suggests being cautious—possible correction to $3,275–$3,320 ahead of next leg .
7. 🛠️ Tips for Traders & Investors
Day Traders:
Use tight stops (~15–20 pts) near $3,390.
Don’t hold through PPI release.
Swing Traders:
Buy dips above $3,360, target $3,430–$3,450.
Add on breakout above $3,425.
Long‑Term Investors:
Central bank buying, Fed easing, and global risks = core drivers.
Stay allocated at 5–10% — consider both physical gold and gold ETFs.
8. 📍 Final Word
Friday's session is all about PPI data and more geopolitical headlines. Gold is riding strong today, but a breakout above $3,425 could trigger a fresh rally. A drop beneath $3,360, especially if PPI surprises, might trigger a mild pullback.
But the bigger trend remains bullish—global uncertainty and central bank buying continue supporting gold. Keep alert, follow the news, and trade smart.
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