Market Analysis · June 25, 2026 · Research Team
Gold Breaks Key Resistance as Dollar Weakens
Gold surged past $2,340 as the US dollar index declined following softer inflation data. Traders are watching $2,350 for a potential breakout.
Gold CFDs have been among the top-performing instruments this week. The XAU/USD pair gained momentum after US CPI came in below expectations, reducing the likelihood of further rate hikes in the near term.
Technical analysts note a clear ascending triangle on the 4-hour chart with support near $2,320. A daily close above $2,350 could open a path toward $2,380, while failure to hold $2,320 may invite profit-taking toward $2,290.
Key levels to watch
- Resistance: $2,350 · $2,380
- Support: $2,320 · $2,290
- Macro driver: US dollar index (DXY) and real yields
