The Iran and Israel war stopped when the United States intervened. Because of this, Safe Haven assets as gold and silver have gone down prices.
Gold bias has now changed to sell; However, a retirement can be expected this week at the main key levels of the place where merchants can seek to enter other sales stations. Let us discuss key pivot levels for the purchase and sale of gold in this weekly forecast from June 30 to July 4, 2025.
Key economic events this week
Some important American economic relationships should be published this week which should have an impact on Xauusd.
Mar, July 1 – Fed Chair Powell Speaks, Ism Manufacturing PMI, Jolts Job Openings
- Powell’s speech could increase volatility because the serpent could harm gold while domination could weaken the USD and increase gold.
- Although it is slightly better than expected, the ISM Manufacturing PMI always indicates contraction, which provides minor gold support.
- The rise in gold can be limited by the resilience of the labor market, as evidenced by the stronger than expected job offers.
Sea, 2 Jul
The labor market strength is indicated by a strong beat in the statistics of ADP jobs (105k against 37K). As the expectations of the increase in rates are renewed, this could strengthen the USD and put pressure on gold.
Game, July 3
- Gold is favored by a lower PNF (120K against 139K) and slower salary growth (0.3% against 0.4%), which indicates cooling and inflation work.
- Additional evidence of this story comes from a higher unemployment rate (4.3% against 4.2%).
- Gold can have greater upwards as concerns about an increase in economic slowdown if the ISM service PMI also has weakness.
Read more: weekly Xauusd forecasts: $ 3,600 Next Target for Gold?
HTF gold overview
Today is the last day of June, which means that the monthly fence can decide where July can take the price of gold. Here, we can see that the price has already swept the May 2025 summit, and $ 3122 is now pending. A red monthly closure can bring gold to $ 3122; However, a good brought closure can push it again to test $ 3,441.
Table Xauusd 1m – Source: tradingView
Gold forecasts from June 30 to July 4, 2025
The best short gold area is the level of $ 3320 to 3,337, due to the POC, the circuit breaker block and the level of gold fib for 3 hours.
Table Xauusd 3H – Source: tradingView
Meanwhile, the level closest to the 30m table of gold for sale is $ 3301 to 3,313. Here we can see how the price has broken its support and now it acts as a resistance.
Table Xauusd 30m – Source: tradingView
Major gold purchases are now expected from the level of $ 3,232 to $ 3202, which is a 4 -hour control block and an FVG in gold.
Table Xauusd 4H – Source: tradingView
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Commercial strategies and investment recommendation
To conclude, gold can give purchases and sell this week. The lower deadlines suggest sales, while higher deadlines still promote a gold purchase position.
Resistance levels
- 3301 to $ 3,313 – The support turned the resistance
- 3320 to $ 3,337 – POC, Brise -Brio Block and Golden Fib Level
Support levels
- $ 3,232 – $ 3202 – 4 -hour control block and FVG
Disclosure: This article does not represent investment advice. The content and equipment presented on this page are only for educational purposes.