GOLD → Correction to 3275FX:XAUUSD and medium-term outlook: Friday's strong unemployment data strengthened the dollar and triggered a sell-off in gold. Money is temporarily flowing out of the metal and into currencies and the stock market...
Technically, gold is still in a bullish phase on the global timeframe. Logically, the situation is more reminiscent of a countertrend correction of the zone of interest before continuing growth.
Despite the rise in the DXY after Friday's news, the dollar is still under pressure from Trump, who is pushing for an early interest rate cut. This move could significantly shake the market (dollar down, gold up)
Locally, on the hourly XAUUSD timeframe, we can clearly see how the price is breaking out of the uptrend, thereby triggering a downward impulse.
Resistance levels: 3325, 3343
Support levels: 3303, 3275
The liquidity level of 3300 could act as a magnet for the price, from which a correction to the resistance of the range of 3325 could form (liquidity hunt), but due to the change in the fundamental background, gold may continue its correction to 3275 (support zone) before a possible continuation of growth.
Best regards, R. Linda!
Commodities
Platinum's Quiet Ascent: What Drives Its New Value?Platinum, often operating in the shadow of gold, has recently experienced a significant surge in value, reaching multi-year highs and capturing considerable investor attention. This resurgence is not arbitrary; it stems from a complex interplay of industrial demand, tightening supply, evolving geopolitical dynamics, and a notable shift in investment sentiment. Understanding these underlying forces becomes crucial for investors seeking to decipher the trajectory of this vital industrial precious metal.
A primary catalyst for platinum's price rally is its strong industrial utility, particularly within the automotive sector, where it remains indispensable for catalytic converters. While the rise of battery electric vehicles presents a long-term shift, the robust growth in hybrid vehicle production continues to sustain demand. Critically, the market faces persistent physical deficits, with supply consistently falling short of demand for the past two years, a trend projected to continue into 2025. Mine output struggles due to disruptions in key producing regions, such as South Africa and Zimbabwe, and secondary supply from recycling has proven insufficient to bridge the growing gap.
Geopolitics and strategic investment further amplify platinum's upward trajectory. China has emerged as a pivotal market, with a sharp rebound in demand as consumers increasingly favor platinum for both jewelry and investment amidst record gold prices. This strategic pivot by the world's largest consumer market is reshaping global platinum price discovery, supported by China's initiatives to develop new trading ecosystems and futures contracts. Concurrently, renewed investor confidence is evident in growing inflows into platinum Exchange-Traded Funds (ETFs) and robust physical buying, with anticipated lower borrowing costs also enhancing its appeal.
In essence, platinum's current rally reflects a powerful combination of tightening supply and resilient industrial demand, underscored by strategic shifts in major consumer markets and renewed investor interest. As above-ground stocks gradually deplete and the market anticipates continued deficits, platinum is poised for a sustained period of relevance, offering compelling prospects for those who recognize its multifaceted value proposition.
GOLD Intraday Chart Update For 9 June 2025Good Morning Traders,
As you can see that market try to fill the previous week opening gap and in that situation we may wait for a while to fill the gap and buying zone is located at 3265-3285, once market gives us a bounce back it will may move back to 3330-3340 SBR Zone
however market try to sustain above 3300 Psychological Level but keep in mind US China Tariff Deal which is due in this week
also if market sustains below 3300 psychological level successfully then it will move towards 3245-55 zone and final destination maybe 3200 Psychological
Disclaimer: Forex is Risky
$META Short Swing - Fractal Repeat Play - Sub $600 Target@everyone 🔻 META Short Swing – Fractal Repeat Play 🔁
Entry Trigger: Week of June 10, 2025
Ticker: NASDAQ:META
Current Price: $697.71
Target Price: $593.66
Estimated Duration: ~3–4 weeks
Conviction: ★★★★★
🧠 Thesis:
This is a nearly perfect fractal repeat of META’s July 2024 top:
Identical weekly candle structure: topping wick into fib + supply zone
Weekly gap fill target lines up exactly again — same 15.5% drop
Wick gap fill = $593.66 (same confluence from 2024)
Bearish fib roadmap from 0.786 → 0.618 → 0.382
Volume and momentum exhausted on the run into $702
📉 Trade Plan:
Entry Range: $690–702 rejection zone
Stop Loss: Weekly close above $705
Primary Target: $593.66
This level completes the wick gap fill and matches 2024’s exact structure
Secondary Target (optional): $580.84 (full fib gap + demand retest)
🛠️ Options to Consider:
6/28 $650P or $640P – standard swing
7/5 $620P – for deeper move toward 0.382 and beyond
🔍 Setup Snapshot:
July 2024: -15.56% in 28 days
June 2025: Targeting -15.53% in 28 days
Same gap, same wick rejection, same fade roadmap
WTI(20250609)Today's AnalysisMarket news:
Fed Harker: Amid uncertainty, the Fed may still cut interest rates later this year. Musallem: There is a 50% chance that the trade war will lead to a sustained inflation outbreak. Tariffs may push up inflation within one or two quarters. The ECB cut three key interest rates by 25 basis points. Lagarde hinted that the rate cut cycle will end, and the market is no longer fully pricing in another 25 basis point rate cut this year.
Technical analysis:
Today's buying and selling boundaries:
63.43
Support and resistance levels:
65.29
64.60
64.14
62.71
62.26
61.56
Trading strategy:
If the price breaks through 64.14, consider buying in, with the first target price of 64.60
If the price breaks through 63.43, consider selling in, with the first target price of 62.71
Strong Dollar, Shaky Gold: Is It Time to Buy?Gold has returned to a weaker stance, trading around $3,309 during the U.S. session. The U.S. dollar gained some positive momentum as markets leaned toward the possibility that the Federal Reserve will keep its policy unchanged in July following the May report, causing XAU/USD to drop lower into the weekend.
Additionally, U.S. economic data released on the same day continued to show signs of cooling. Specifically, weekly jobless claims came in higher than both the forecast and the previous week's figures, while the U.S. trade deficit narrowed significantly in May.
The index measuring the dollar's strength against a basket of six major currencies remained nearly unchanged. Meanwhile, the yield on 10-year U.S. Treasury bonds rose, and real yields climbed by 2 basis points, putting downward pressure on gold prices.
Nevertheless, gold still maintains its long-term uptrend. This correction is seen as a better buying opportunity.
Weekly Market Forecast: BUY Stock Indices & Oil! Sell Gold! In this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of June 9 - 13th.
Stock Indices are looking more bullish. Valid buys only!
Gold is weak. Sells only until there is a market structure shift upwards.
Oil prices have room to go higher. Buy it.
Silver is a wait and see. Should start to pull back this week, as it closed last week stronger than Gold.
CPI Wednesday. After the news is announced, the market should be very tradeable for the rest of the week.
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Gold Market Analysis: Short-Term Weakness, Long-Term OptimismAfter a significant drop on Friday, gold prices hit a low of **$3316** in the US market, indicating that the current market correction is likely to continue into next week.
### Current Market Dynamics
The short-term outlook for gold appears weaker, with the 4-hour cycle showing a decline and the daily cycle facing upward pressure. Despite this, the overall market remains within a broad trading range, mirroring the patterns observed in May.
The recent fall below the **$3330** support level is a key indicator. This point acted as a pivot between bullish and bearish sentiment, and its breach suggests that the short-term market has entered a period of weakness and volatility. However, the market hasn't fully shifted into a bearish trend. We can expect a continued downward fluctuation, but the extent of this drop should be limited, making a sharp decline unlikely.
### Trading Strategy for the Coming Week
Given these dynamics, a "short-term selling and long-term buying" strategy is recommended.
* **Short-term operations** may involve selling, but this should be approached cautiously.
* From a broader perspective, **buying remains the primary strategy**.
Looking ahead to next week, we anticipate the market will fluctuate and find a bottom around **$3300**. Once this support level stabilizes, a new upward trend is expected to begin.
**Key price levels to watch:**
* **Short-term resistance:** $3340
* **Lower support:** $3300
Flexibility in your trading arrangements will be crucial to capitalize on upcoming market opportunities.
XAUUSD: Weekly overview 9th of JuneHello Traders!
Zone of 3352.0 is only available for long if you consider the middle of the bullish channel, is considerable midline.
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The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
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Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
USOIL:Sharing of the Trading Strategy for Next WeekAll the trading signals this week have resulted in profits!!! Check it!!!👉👉👉
Fundamental Analysis:
OPEC+ plans to increase production by 411K bpd in July, with major producers like Saudi Arabia and the UAE holding ample idle capacity. This expansion could exacerbate global crude oil oversupply, pressuring prices. Concurrently, the U.S. steel import tariff hikes may trigger trade frictions, dampening global economic recovery and curbing industrial crude demand.
Technical Analysis:
The MACD indicator shows expanding green bars (bearish momentum), with short-term moving averages trending toward a bearish crossover of long-term averages. However, recent price retracement from relative highs suggests potential rebound. Key resistance lies at the $66–67/barrel zone, while critical support holds at $61.5–62/barrel.
Trading Recommendation:
Aggressive traders may initiate light short positions near 66 on a confirmed resistance rejection.
Trading Strategy:
Sell@66-65.5
TP:63-62
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GOLD 4HLocal range near top of broader sideways (gray lines = local range).
Seller broke down from it.
Price now in buyer zone — possible buyer reaction. Just below: a gap.
Seller targets: 3271, 3245.
Conservative shorts: watch for buyer activity + seller defending local range breakout (3333).
Note: buyer initiative still active on daily TF (!).
For longs, better to wait near 3245–3271 and look for bullish patterns.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
XAUUSD - $3,260 Support Level to Determine Next Directional MoveLooking at this Gold 4-hour chart, the precious metal is approaching a critical inflection point as it tests the key support zone around $3,260, which represents a confluence of previous swing lows and represents the lower boundary of the recent consolidation range. Two distinct scenarios emerge from this technical setup: first, gold could find buyers at this support level and stage a bounce back toward the $3,400 resistance area, particularly if broader market conditions favor safe-haven assets or if dollar weakness provides additional tailwinds for the metal. Alternatively, a decisive break below the $3,260 support could trigger further selling pressure and open the door for a deeper correction toward the $3,180-$3,160 zone, especially if risk appetite improves or if stronger economic data reduces demand for defensive assets. The outcome will largely depend on how price action unfolds at this crucial support level, with volume and momentum providing key clues about which scenario is more likely to play out in the near term.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAUUSD Support & Resistance Levels🚀 Here are some key zones I've identified on the H4/H1 timeframe.
These zones are based on real-time data analysis performed by a custom software I personally developed.
The tool is designed to scan the market continuously and highlight potential areas of interest based on price action behavior and volume dynamics.
Your feedback is welcome!
Gold (XAU/USD) 1H – Bullish Falling Wedge 🧠 **Technical Summary:**
* **Pattern:** Falling wedge (bullish)
* **Support Zone:** \$3,287 area (highlighted in green)
* **Resistance Zones:** Two supply zones around \$3,340–\$3,360 and \$3,370–\$3,380 (marked in red)
* **Current Price:** \~\$3,310
* **Projection:** Bounce from the lower wedge trendline or green support → consolidation → breakout to the upside
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### 🔍 **Price Action Outlook:**
* 📉 **Short-Term Bias:** Bearish until price tests the wedge bottom or hits demand near \$3,287
* 📈 **Medium-Term Bias:** Bullish if:
* Price forms a double bottom or bullish structure near \$3,287
* Breaks out of wedge top with momentum
* 🔄 **Invalidation:** Clean break below \$3,287 with no strong rejection would void the bullish wedge idea
---
### 📌 Trading Plan (based on chart):
* **Watch for bullish reaction near \$3,287–\$3,300**
* **Confirmation Entry:** After breakout and retest of wedge + break of supply (\~\$3,360)
* **Targets:** \$3,400+ range
* **Stop-loss:** Below \$3,280 swing low (conservative)
GOLD MARKET ANALYSIS AND COMMENTARY - [Jun 09 - Jun 13]OANDA:XAUUSD fell more than 1% on Friday (June 6) due to the unexpected US non-farm payrolls data for May. Spot gold closed at $3,309.84/oz, up 0.8% on the week.
Although gold failed to break above the $3,400/oz resistance and may fluctuate in the $3,300-$3,400/oz range in the short term, the market's resilience and long-term uptrend remain solid.
Meanwhile, silver and platinum outperformed, hitting 13-year and 3-year highs, respectively, on investment demand and expectations of supply shortages.
Gold prices rose significantly on Monday last week and hovered at highs ahead of the release of non-farm payrolls data from Tuesday to Friday, reaching $3,403.48 an ounce on Thursday.
The latest data showed that the US added 139,000 non-farm payrolls in May, beating market expectations of 130,000, the unemployment rate held steady at 4.2% and wage growth beat expectations.
This reduced the likelihood of the Federal Reserve cutting interest rates in the near future, pushing the US dollar and US bond yields higher and putting pressure on gold prices.
OANDA:XAUUSD received initial support above 3,300 USD/ounce, indicating that the market still has buying support, but the resistance level of 3,400 USD/ounce is difficult to overcome in the short term and 3,200 USD/ounce is the main support level, more detailed technical analysis will be sent to readers in the following part of the article. However, since the raw price points are still related to fundamental analysis, I personally think that the price declines can be seen as an opportunity for gold to hold at lower prices, the long-term uptrend is fundamentally unchanged and central bank gold buying and a weaker dollar will continue to support gold prices.
Despite the rise in risk assets such as stocks, gold has shown resilience. Central bank demand for diversified reserves and market risk appetite will continue to support gold prices, underscoring its appeal as a safe-haven asset.
Market Background and Outlook
The labor market is slowing steadily and the Federal Reserve is likely to continue to wait and see, with the likelihood of a near-term rate cut low. The May CPI data next Wednesday (June 11) will be in focus. If CPI rises, it will push the US Dollar higher and further depress gold prices. If CPI is weak, it could help push gold prices higher.
Geopolitical and trade factors: Trump's call with Xi Jinping on Thursday did not bring any clear progress on trade. If the tariff news worsens, this could boost demand for gold as a safe haven.
On the other hand, the outlook for the Middle East-US, Ukraine-Russia talks is also not getting any better, any negative signs on the geopolitical front next week will also boost gold prices to recover.
Economic data and events next week
Wednesday: US Consumer Price Index (CPI)
Thursday: US Producer Price Index (PPI), Weekly Jobless Claims
Friday: University of Michigan Consumer Sentiment Index
📌Gold prices fell sharply on Friday as it retested the $3,371 target level, which is the 0.236% Fibonacci retracement level, but failed to break it. The bearish momentum took gold towards an area where there are several important supports such as the $3,300 price point and the confluence of the 0.382% Fibonacci retracement level with the 21-day EMA.
Although gold has fallen, its current position still has enough conditions for bullish expectations in the near term. And in terms of momentum, the Relative Strength Index (RSI) is still above 50, and in this case, 50 is considered the nearest momentum support.
As long as gold remains in/above the price channel, its main long-term trend is still bullish, in the short term if gold remains above the base price of 3,300 USD, it still has an upside target at 3,371 USD followed by the base price of 3,400 USD.
Notable technical levels are listed below.
Support: 3,300 – 3,292USD
Resistance: 3,350 – 3,371 – 3,400USD
SELL XAUUSD PRICE 3345 - 3343⚡️
↠↠ Stop Loss 3449
BUY XAUUSD PRICE 3227 - 3229⚡️
↠↠ Stop Loss 3223
SILVER: Short Signal with Entry/SL/TP
SILVER
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short SILVER
Entry - 35.980
Sl - 36.467
Tp - 34.940
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL What Next? SELL!
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 64.73 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 63.36
Recommended Stop Loss - 65.42
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Analysis of Upward/Downward Trends in Monday's Opening MarketBoosted by the telephone conversation between leaders of the world's two largest economies, oil prices maintained their upward momentum on Friday. Brent crude stabilized at around $65 per barrel, notching its first weekly rebound since mid-May; WTI crude also held near $63. "Against the backdrop of gradually easing macro uncertainties, the risk of panic selling in the market has significantly diminished," analysts said. "With the arrival of the summer peak demand season and the superimposition of geopolitical tensions in the Middle East and Russia, the downside for oil prices has been notably constrained."
The recent steady rebound in oil prices indicates that the market has gradually digested macro uncertainties, though the underlying supporting factors remain fragile. While trade concerns have temporarily subsided, whether OPEC+ will continue to release capacity as expected by the market will be key to determining whether oil prices can sustain their rebound. Meanwhile, the options market reflects expectations of a year-end supply glut, which will test the coordination capabilities of oil-producing countries.
Overall, for next week's crude oil trading strategy, it is recommended to prioritize buying on dips and supplement with shorting on rebounds. In the short term, monitor resistance at the $66.0-$67.0 level, while short-term support lies at the $63.5-$62.5 level.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@62.0-62.5
TP:64.5-65.0