As the global market opened on June 12, 2025, gold (XAUUSD) is trading at $3,375.12, showing signs of bullish consolidation in the early morning session. The 1-minute chart on TradingView reveals a steady trend with strong support from key technical indicators like the Exponential Moving Averages (EMA) and Bollinger Bands, indicating a potential continuation of the upward trend in the short term.
Let’s break down the chart technically and identify short-term intraday targets for the next 30, 60, and 120 minutes.
✨ Technical Indicators Overview
1. Bollinger Bands (20 SMA Close 2)
- Upper Band: $3,376.67
- Middle SMA: $3,375.02
- Lower Band: $3,373.36
- Signal: Price currently hovering between middle and upper band, hinting at steady bullish pressure and potential breakout above the band.
2. EMA (20/50/100/200)
- EMA 20: $3,374.80
- EMA 50: $3,374.81
- EMA 100: $3,373.49
- EMA 200: $3,371.08
- Signal: Price is trading above all EMAs, which indicates a solid bullish trend and strong underlying momentum. The EMAs are also tightly aligned, showing a consolidated uptrend.
3. Volume Activity
- Volume is consistent without heavy spikes, signaling a gradual buildup of momentum and no imminent reversal signs.
🔤 Candlestick Pattern Analysis
Recent candles show a series of small-bodied bullish candles with minor wicks, which indicates stable buying interest without volatility. No presence of strong bearish reversal patterns like the shooting star or bearish engulfing confirms the dominance of bulls in the market.
🌐 Fundamental & News Sentiment
- US Dollar Index (DXY) is showing slight weakness today, favoring gold’s safe-haven appeal.
- Market participants are cautiously awaiting the US CPI Inflation data due tomorrow, leading to speculative positioning in gold.
- Middle East geopolitical tensions and falling bond yields continue to keep gold attractive to global investors.
These macro factors align positively with the current technical signals to support a bullish short-term outlook.
🔢 Intraday Forecast: Targets & Stoploss
| Time Frame | Target Price Levels | Stoploss Level |
|---|---|---|
| 30 minutes | $3,378.50 | $3,372.50 |
| 60 minutes | $3,382.00 | $3,370.00 |
| 120 minutes | $3,388.00 | $3,367.50 |
Justification:
- The breakout above EMA 50 & 100 indicates strong short-term demand.
- Bollinger Band squeeze suggests volatility expansion, likely toward the upside.
- Candlestick formation is confirming steady buying with little resistance in the near zone.
- No immediate news shock expected before CPI data release gives a safe window for gold to push higher.
🔍 Conclusion: What’s Next for Gold?
If price sustains above $3,373, we can expect a steady climb toward $3,388 in the next two hours. However, a break below $3,370 could trigger a temporary pullback. Traders are advised to trade with strict stoploss and monitor the USD Index closely.
The combination of supportive EMAs, Bollinger Band breakout potential, and global macro sentiment makes gold a favorable intraday buy for today.
📈 Additional Insights
- For scalpers: Consider short trades near upper bands with trailing stoploss.
- For swing traders: Wait for CPI data and re-enter on dips post data release.
- Avoid trading during CPI release window due to high slippage risk.
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