Has gold entered a sharp downward cycle?

Release Time: 10:00 AM, June 20, 2025
Published by: Mr. Tony

MARKET OVERVIEW

Vietnam Market: The market continues to climb but faces pressure around the 1,350 level — the most recent peak. Diminishing liquidity suggests supply remains weak, while capital flows are still hesitant and awaiting clearer signals. The 1,350 zone remains a critical testing level in upcoming sessions, and supply-demand reactions here will determine the next trend.
US Market: The Dow Jones (DJI) dropped to 42,215.80 points, indicating capital is still leaning toward large-cap, stable stocks. The S&P 500 fell to 5,447.87 (-0.84%), and the Nasdaq also declined, reflecting profit-taking pressure in tech stocks after a strong rally. Market sentiment remains watchful of upcoming Fed signals and economic data.

AUD/USD: Uptrend. Buying positions may be considered today, with support at 0.64750.
USD/JPY: Downtrend. Selling positions may be considered today, with resistance at 145.50.

Current Price: Around 3,371.15 USD/oz, up +0.1% from yesterday
Market Dynamics: Slight gains amid rising Middle East tensions (Iran–Israel conflict enters day 7), making gold a preferred safe-haven asset.
Fed Signals: Interest rates remain unchanged, but inflation remains "significantly meaningful," boosting demand for gold.
Short-Term Outlook: Gold may continue to hover at high levels if geopolitical tensions persist and the USD remains moderate. However, Citi forecasts a possible pullback to 3,300 USD over the next 0–3 months, with long-term assumptions potentially seeing gold below 3,000 USD if U.S. economic stability improves.

XTI/USD: Short-term corrective downtrend. Selling positions may be considered today, with resistance at 77.00.

Current Price: Around 105,000 – 105,500 USD (Coinbase shows ~105,113 USD), no significant movement in the past 24 hours.
Market Overview: Total market cap ~2.08 trillion USD, 24-hour trading volume ~35–44 billion USD.
Short-Term Analysis: BTC is consolidating around 105k USD, without breaking the short-term resistance. Technical projections suggest a target range for June between 105–150k USD, with a minimum support level near ~105,141 USD. If it holds above 105k, BTC could break out; otherwise, a deeper correction may occur if support is lost.

Trend: Bullish
Recommendation: Buy at 0.64883, Stop Loss at 0.64733, Take Profit at 0.65183

Trend: Bullish
Recommendation: Buy at 1.14860, Stop Loss at 1.14400, Take Profit at 1.17082

8:00 AM

CNY – 1-Year Loan Prime Rate: Actual: 3.00% | Forecast: 3.00% | Previous: 3.00%
CNY – 5-Year Loan Prime Rate: Actual: 3.50% | Forecast: 3.50% | Previous: 3.50%

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Tentative

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The above assessments represent the personal viewpoint of analyst Tony from Lotus and should not be considered as investment advice.
Lotus only provides technical analysis and trading education for students.
Lotus is not affiliated with any securities or asset management company.
Lotus does not manage students' funds.