Gold Price Forecast: EU Talks Keep Gold at $3,345—Is $3,413 Next?
Gold (XAU/USD) is holding at $3,345.05, down 0.15% over the last 24 hours as traders digest the news. US President Trump has extended...

Quick overview
- Gold (XAU/USD) is currently priced at $3,345.05, experiencing a slight decline of 0.15% as traders react to recent news.
- US President Trump has postponed the EU trade deal deadline to July 9, easing market tensions and stabilizing gold prices.
- Geopolitical tensions, particularly Russia's recent attacks on Ukraine, are increasing safe-haven demand for gold despite mixed sentiment in ETF holdings.
- Technically, gold is in a rising channel but shows signs of hesitation, with key resistance at $3,365 and support at $3,332.
Gold (XAU/USD) is holding at $3,345.05, down 0.15% over the last 24 hours as traders digest the news. US President Trump has extended the EU trade deal deadline to July 9, after his earlier 50% tariff threat. This gives the markets a breather and gold’s reaction has been surprisingly tame – though still backed by central banks moving towards gold over the dollar.
Trump’s new stance, announced after talks with EU leaders, has bought more time for negotiations and pulled back from the June 1 tariff threat. This has stabilised gold which surged 2% last Friday when the tariff talk hit the markets. Meanwhile the dollar index (.DXY) has fallen to a near one-month low making dollar priced gold more attractive to buyers in other currencies.
Geopolitical Tensions Reinforce Safe-Haven Appeal
Gold’s not just about trade. Geopolitically Russia has launched a massive aerial assault on Ukraine overnight, the largest attack since the conflict began. 367 drones and missiles hit major cities, many casualties. This fresh turmoil is rekindling safe-haven demand for gold as investors seek stability.
Interestingly the SPDR Gold Trust – gold’s largest ETF – saw a 0.15% drop in holdings to 922.46 tonnes on Friday, mixed sentiment. But with major central banks moving away from the dollar and into gold this could continue to support prices.
Technical Outlook: Cautious Bulls Eye $3,413 Breakout
From a technical perspective gold’s chart is looking interesting. On the 2-hour chart gold is trapped in a rising channel with higher highs and higher lows, bullish. But momentum is slowing. Recent candles are spinning tops and Doji’s – classic signs of market hesitation.

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Resistance at $3,365 and $3,389.
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Support at $3,332 and $3,309.
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MACD is mixed, histogram is narrowing and bearish crossover.Above $3,365 and bullish engulfing or three white soldiers and we could see $3,413. Below $3,332 and we may see $3,309 or $3,279. Watch the MACD for the next move.
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