On Friday 20, June 2025, Spot Gold fell below $3,360 per ounce, nearing a one-week low and heading for its first weekly loss as investors sold bullion to offset losses in other markets amid rising tensions in the Middle East.
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Spot Gold Forecast For Today (Friday, June 20, 2025)
Gold buyers remain hopeful so long as the 14-day Relative Strength Index (RSI) holds above the midline. The leading indicator is currently pointing south, near 52.
Gold price must defend the critical short-term support of the 21-day Simple Moving Average (SMA) at $3,350 on a daily or weekly closing basis to reinforce buying interest.
If that fails, the 50-day SMA at $3,318 will be put to test. The next downside cap is aligned at $3,297, the 38.2% Fibonacci Retracement (Fibo) level of the April record rally,
Alternatively, Gold price recovery will need a clear break of $3,377, the 23.6% Fibo level of the same ascent to revisit the $3,400 supply zone.
Further upside will challenge the static resistance at $3,440 will be tested.
Buyers will then take on the two-month highs of $3,453.
