Gold Spot / U.S. Dollar
Long
Updated

Selling pressure at the beginning of the week, gold below 3300

168
XAU / USD trend forecast JUNE 9, 2025

⚠️Gold (XAU/USD) is trading in a relatively steady range near $3,310 during the early hours of Monday’s Asian session, as markets digest recent economic developments. A modest rebound in the US Dollar may be exerting some downward pressure on the precious metal. However, ongoing uncertainty surrounding US President Donald Trump's evolving tariff policies could offer a degree of support and help cushion gold’s downside.

Stronger-than-expected job growth in the United States during May provided a boost to the Greenback, thereby weighing on the US Dollar-denominated commodity. According to the US Bureau of Labor Statistics, Nonfarm Payrolls increased by 139,000 last month, surpassing the consensus forecast of 130,000, although slightly lower than April’s revised figure of 147,000.

Meanwhile, the US Unemployment Rate held steady at 4.2%, and Average Hourly Earnings remained unchanged at 3.9%, with both metrics coming in above expectations—adding to the narrative of a resilient labor market.

⚠️ Selling pressure at the beginning of the week remains, gold price falls below 3300. Pay attention to the GAP price zone 3294 and the uptrend trendline 3285

🚨/// SELL XAU : zone 3342-3345

SL: 3350

TP: 50 - 100 - 300pips ( 3315 )


🚨/// BUY XAU : zone 3287-3284

SL: 3279

TP: 50 - 100 - 300pips ( 3279)



Safe and profitable trading
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gold price has a certain rebound above 3330 , accumulating for the uptrend H 4

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