Gold (XAUUSD) nears reversal: bulls gearing up for a surge
XAUUSD prices are declining on Tuesday, although buyers continue to defend the key support level. The quotes currently stand at 3,309 USD. Discover more in our analysis for 10 June 2025.
XAUUSD technical analysis
XAUUSD quotes are bouncing off the 3,300 support level. The XAUUSD price forecast suggests the pair could resume its upward impulse, with the next target at 3,345. Technical indicators support the bullish scenario, with prices remaining within the demand area and breaking out of a descending channel.
Renewed interest in gold is supported by declining US inflation expectations.
Read more - Gold Forecast
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