Gold Set to Dip, Bitcoin Eyes $120K, USD Weakens — Market Forecast for June 2–8

🟡 Gold: Short-Term Correction Likely Before Further Gains

• Short-Term Forecast:
  Gold prices may see a pullback this week, with a projected decline of approximately 3.8% to $3,130 by June 8, 2025.
  Source: CoinCodex

Gold: Short-Term Correction Likely Before Further Gains

• Supporting Factors:
  Despite the short-term correction, geopolitical uncertainty and strong safe-haven demand are expected to support gold in the medium term.

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₿ Bitcoin: Bullish Momentum Continues Toward $120,000

• Short-Term Forecast:
  Bitcoin is expected to hold above $100,000 during June, with potential upside to $124,672.
  Source: CoinCodex

• Key Drivers:
  Institutional interest and sustained inflows into Bitcoin ETFs continue to drive the rally.
  Source: Investors.com

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💵 USD: Downward Pressure Likely to Persist

• Short-Term Forecast:
  The DXY (Dollar Index) could fall toward the 97.70 support level if it fails to break the 100.20 resistance.
  Source: Daily Price Action

• Market Context:
  Diverging economic growth expectations between the U.S. and other major economies may weigh on the dollar.
  Source: JPMorgan Asset Management

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🔍 Conclusion

• Gold: Short-term dip possible, but medium-term trend remains bullish.

• Bitcoin: Bullish momentum likely to continue, with eyes on $120,000.

• USD: Facing sustained downward pressure unless key resistance is broken.

Related:  📰 Weekly Financial Market Summary (May 25–31, 2025)