07/06/2025
Bullish Scenario (Green Arrow):
After a pullback, price might bounce from support around 3,287–3,270 and head upward.
Target zones: 3,416, 3,437, potentially 3,498 if momentum sustains.
Bearish Scenario (Red Arrow):
If price breaks below 3,270 and fails to reclaim it, it could signal deeper downside.
Potential decline toward 2,995 or even 2,959.
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Key Technical Signals:
Breakout from descending channel suggests bullish momentum.
Support retest near breakout point could validate the move.
Strong support cluster between 3,270 – 3,205 could act as demand zone.
Failure to hold that zone risks a larger correction.
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Conclusion:
The bias appears bullish as long as XAU/USD holds above the 3,270–3,205 support zone.
If price loses this zone decisively, the market could flip to a bearish outlook, targeting sub-3,000 levels.
