Gold Price Forecast for Next Week

Gold Price Forecast for Next Week (14th  - 18th July 2025)

Comex Gold spot has retraced in the initial phase of the past week, made its support at $3282 in the middle of the week and rebounded marginally to close on a positive note at $3354 / ounces, made a high at $3368. Key resistance would be at $3398 - $3452.

Gold saw a muted performance during the week as optimism around U.S. trade negotiations reduced demand for safe-haven assets. While geopolitical risks and tariff uncertainty provided underlying support, a stronger U.S. dollar limited any meaningful upside.

MCX Gold August contract has continued its upside momentum in Rising channel, sustaining over all key moving averages i.e. 50, 100 and 200-DEMA levels placed at 96113, 92989 and 87376 respectively. Daily SAR is placed at 94951. On the upside, immediate resistance would be at 99830 and breakout of this level will accelerate bullish momentum in Gold price and next hurdle would be at 101,078. RSI levels trailing upwards above 50 level on Daily – Weekly chart.
On MACD, we can observe a bullish crossover below zero-line with positive histograms on 4-hourly chart.

In the coming week, we are expecting Sideways to Bullish trend in Gold price and price traders should keep an eye on key US data of Inflation, Retail sales, Consumer sentiment, Inflation expectations and Unemployment Claims which are scheduled to be released next week.

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Prediction given by Technical Research Team - Choice.