President Donald Trump is expected to speak in about one hour, so gold is likely to experience significant volatility. It's difficult to predict the market's immediate reaction, so proper risk management is essential and chasing price is not recommend.
π Exactly as outlined in my analysis at the start of the U.S. session β and even earlier in the Asian session strategy post.
During yesterday's session, gold experienced a very strong sell-off, reaching the lower boundary of the descending channel precisely as expected.
#XAUUSD saw a sharp decline yesterday as selling pressure continued to dominate the market. The main reasons behind the move were:
π The US Dollar (USD) remained strong as the market continues to expect the Federal Reserve (Fed) to maintain a restrictive monetary policy.
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π TECHNICAL ANALYSIS β GOLD (XAUUSD)
June 24, 2026 | H1 Timeframe
Gold continues to trade inside a well-defined bearish channel, with sellers maintaining full control of market structure. Is the recent bounce enough to reverse the trend, or just another opportunity for bears.
#XAUUSD is facing strong bearish pressure today and may continue to decline toward lower support zones due to the ongoing impact of geopolitical tensions. The downtrend could still extend further in the near term.
The US Dollar (USD) remains strong as markets continue to expect,