June 18, 2025
Commodity Futures Weekly Newsletter- For the week of June 16th, 2025
Gold continues its uptrend to challenge the all-time high.
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A publication by the Research Team at Capital Trading Group: 800-238-2610
Metals
Gold Futures
Gold Futures uptrend to challenge all-time high.
Gold Futures remained above 50 in RSI at 70.70 and Fibonacci price Support at 3,111.90 again this week. It still remains too early to be confident Wave 3 has ended and Wave 4 is in progress. This week price settled at 3,452.60 up 121.60 from last weeks close of 3,331.
Fibonacci Supports at 3,111.90 & 2,865.70 buoy Gold market
Even a very shallow correction would retrace 23.6% of the gains in Wave 3, in a Wave 4 to 3,111.90. A deeper Wave 4 correction would retrace 38.2% of the gains in Wave 3. This projects to 2,865.70 and is also listed on the chart. With the low of the decline from the all-time high 3,509.90 top only reaching 3,123.50 it is too early to call Wave 3 complete. The correction is likely only correcting Wave 3 of 3, hence its’ shallow nature, implying Wave 5 of 3 is yet to come.
Conclusion
If Gold Futures were to close a Daily session over 3,509.90, prior to reaching 3,111.90, then 3,802.10 would become the Fibonacci Extension target, at 4.236x the length of Wave 1 in a persistent Wave 3. A drop below 50 in RSI, currently at 70.70, or a decline beneath 3,111.90 would be needed to feel Wave 4 was in effect. Any new high through 3,509.90 and new Fibonacci retracement levels for an eventual Wave 4 can be drawn.
For complete strategies in Futures and Option pricing to potentially capitalize on this analysis, call 800- 238-2610 to speak to a registered broker with Capital Trading Group or request more information on how to get started via email sent to info@capitaltradinggroup.com.
Thank you!
Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be
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