Gold Weekly Analysis & Trading Plan（6.22-6.29）XAU/USD Spot - GoldFX:XAUUSDGDJ_JinnNew week! Time for another weekly XAU breakdown. 1. Macro Events to Watch This week ·US-Iran Negotiations: Iran announced that a draft agreement on sanctions relief for its oil exports has been finalized. However, the first round of US-Iran nuclear talks in Switzerland ended without a breakthrough due to disagreements over the ceasefire mechanism and signing arrangements. Meanwhile, the maritime threat level in the Strait of Hormuz has been downgraded from High to Moderate, suggesting geopolitical tensions are gradually easing. ·June 16 –US Economic Data: Thursday's focus will be the Core PCE Price Index, the Fed's preferred inflation gauge, which could significantly impact expectations for the next FOMC decision. Markets will also digest the final Q1 GDP reading and Durable Goods Orders. ·SPDR Gold Trust:Last week, SPDR Gold Trust, the world's largest Gold ETF, increased its holdings by 6.85 tonnes, ending four consecutive weeks of net outflows. With energy prices retreating and macro conditions stabilizing, institutional sentiment appears to be gradually turning more constructive for Gold. 2. Chart Analysis In last week's outlook, I shared both a long and a short setup. Gold dropped nearly 1,500 pips from the supply zone. Unfortunately, my short position was stopped out by a fake breakout just before the FOMC announcement, causing me to miss the move. Fortunately, my long position delivered nearly 1100 pips—almost 10× the loss on my short trade. It's another reminder that a strong risk-to-reward ratio matters far more than having a high win rate. At the moment, Gold is trading between a daily descending trendline and an H1 ascending trendline, forming a compression pattern. Price remains range-bound between 4020 and 4380 (approximately 3,600 pips). The key support zone is 4150–4160. As long as this area holds, I expect the current recovery structure to remain intact. The next resistance levels are 4220, 4280, and 4330. Trading Plan: XAUUSD Long Entry: 4150 SL: 4110 TP1: 4210 (1.5R) TP2: 4280 Final Thoughts: The market remains in a consolidation phase amid ongoing US-Iran negotiations and uncertainty around July rate hike expectations. That said, several factors continue to support a bullish medium-term outlook, including WTI crude falling below $80 and renewed ETF inflows. As I mentioned last week, I still see the potential for a weekly bullish reversal. If Gold can break above both the 200-day Moving Average and the daily descending trendline, I'll look to increase my long exposure on confirmation—including adding to my physical Gold holdings. Wishing everyone a profitable trading week. Trade safe!