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13.06.2025 02:12 PM
Trading Signals for GOLD for June 13-19, 2025: sell below 3,343 (21 SMA - 8/8 Murray)

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Gold is trading at about 3,420 in the American session, having reached and surpassed the high last seen in May around 3,443.

On May 6, there was a gap around 3,424. This gap was filled during the European session, which suggests that the euro could undergo a strong technical correction in the coming days if it consolidates below the 8/8 Murray level and could reach the 21SMA at 3,358.

It would be prudent to sell gold below 3,443, with targets on the 200 EMA around 3,301.

Gold has left a gap at 3,282 and another around 3,181. So, if the price falls below the psychological level of 3,300, we could expect it to fall to cover these price levels.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
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