🔍 Technical Overview
Support Levels
$3,350–$3,360 – identified as a short-term base near this week’s low
$3,300 – significant pivot; historical breaches have led to deeper declines
$3,250 – noted as a potential drawdown zone
Resistance Levels:
$3,447–$3,460 – upper resistance based on recent swing highs
$3,500 – psychological target, also the recent 52‑week high
Indicators:
Trend: Predominantly bullish with 92% of moving‑average signals being positive
RSI/Stochastics: Moderately elevated, reflecting momentum without reaching overbought conditions
📰 Fundamental Drivers
Geopolitical Shifts: Increased safe-haven flows due to Israel–Iran tensions mid-week, easing after ceasefire discussions
Fed Signals
Central Bank Buying: Q1 reserve accumulation reached record levels, continuing structural institutional demand
📅 Key Events This Week
Jun 25 (Wed) – U.S. Fed meeting minutes
Jun 27 (Fri) – Japan economic data; Japanese central bank commentary
Ongoing
📌 Weekly Outlook & Strategy
🔼 Bullish Case
If prices remain above $3,360, there may be a move toward $3,447–$3,460
A rise above $3,460 could open the path to $3,500
🔽 Bearish Scenario
Failure to stay above $3,360 could bring prices down to $3,300–$3,250
A drop below $3,300 may indicate a deeper correction