Major uptrend for gold and in an intermediate consolidation zone

Published June 21, 2025

Analysis: Gold has tested the 3450 price zone three times. Monitor the consolidation zone for a breakdown below major support around 3150. Divergence is also apparent in the RSI indicator and MACD.

Gold daily candlestick chart showing the consolidation zone.

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Technical Analysis is about trading with the trend

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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