My Market Review for the week 03/06/2025 (Tuesday)Staying bearish for now.
Let me know your thoughts and ideas and of any other pairs you would like me to look at
Commodities
HelenP. I Gold will drop to support level from pennant patternHi folks today I'm prepared for you Gold analytics. The chart started with a strong impulse move upward from the support zone around 3190 - 3205, where buyers stepped in and pushed the price aggressively higher. This bullish momentum continued until the price reached the trend line, which had previously acted as a dynamic resistance. Upon contact with the trend line, the market lost strength and began to compress into a narrowing formation, a classic downward pennant. Within this pennant, the price made several lower highs, suggesting waning bullish power and the buildup of pressure inside a tightening range. Sellers became more active near the resistance zone around 3365 - 3380, and each upward attempt was quickly absorbed. Now the structure shows signs of a potential breakout to the downside. Given this formation and the current price behavior near the upper edge of the pennant, I expect a minor upward movement followed by a sharp breakdown. My goal lies at the 3205 support level, where previous demand emerged. That’s why I remain bearish and see this level as a realistic goal for the next move. If you like my analytics you may support me with your like/comment ❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
DeGRAM | GOLD above the $3340 level📊 Technical Analysis
● H4 candle has closed above the descending-channel roof and the grey 3 284-3 325 supply, then retested it as support — a breakout-retest pattern that usually precedes trend acceleration.
● Price is now confined in a fresh rising wedge riding the long-term trend-line; the wedge’s 1.618 extension aligns with the next confluence at 3 435 while dynamic support rises toward 3 245.
💡 Fundamental Analysis
● Gold got a tail-wind after US ISM manufacturing fell back into contraction (48.7) as Treasury yields and the DXY slipped, while reports of renewed Chinese central-bank purchases lifted physical demand expectations.
✨ Summary
Buy 3 285-3 305; hold above 3 245 targets 3 435, stretch 3 500. Bias invalidated on a 4 h close below 3 245.
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GOLD (XAUUSD): Bullish Continuation Confirmed
As we discussed yesterday, Gold managed to break and close above
a resistance line of a bullish flag pattern on a daily.
It opens a potential for more growth.
Our next resistance is 3429.
For buying, consider the expanding demand zone based
on a broken horizontal resistance and a trend line.
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Silver - Short Term Buy IdeaM15 - Strong bullish move.
No opposite signs.
Currently it looks like a pullback is happening.
Expecting further continuation higher until the two Fibonacci support zones hold.
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WTI OIL The perfect scalping Rectangle.WTI Oil (USOIL) has been trading within a 3-week Rectangle pattern since the May 13th High and yesterday it got rejected on its top. This is a technical sell signal, with it natural target being the bottom of the pattern at $60.70.
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Gold Price Rises on Tariff Tensions and Geopolitical RisksGold jumped nearly 3% as President Trump announced plans to double tariffs on U.S. steel and aluminum imports to 50% starting June 4, fueling safe-haven demand and weakening the U.S. Dollar. The EU expressed strong regret and warned of potential countermeasures.
The rally continued on Tuesday (June 3) as geopolitical tensions escalated. Ukraine launched its largest drone attack on Russian airbases, while Moscow responded with long-range strikes on Kyiv. These events, combined with weak U.S. ISM Manufacturing PMI (May: 48.5, lowest since Nov), added to market anxiety.
Investors are watching the Fed’s upcoming statements for clues on rate direction. Lower interest rates and global instability continue to support gold’s bullish case.
Technical Outlook – XAUUSD
Gold hit $3,371, then pulled back slightly, but remains on track to reach $3,400 soon. A short-term bullish channel is forming, and RSI above 50 suggests more upside potential.
Pullbacks above the 21-day EMA and 0.382 Fibonacci level are likely temporary corrections or buy opportunities.
Support: 3,326 – 3,300 – 3,292
Resistance: 3,371 – 3,400 – 3,435
SILVER BEARS ARE STRONG HERE|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,425.8
Target Level: 3,337.2
Stop Loss: 3,484.9
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
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Gold to break the RESISTANCE (03JUNE2025)Gold is at 3360 on weekly and after the rally it had few weeks ago and consolidating just below the resistance, I think it can break the 3360 and go up to 3800
XAGUSD Analysis – Market Mapping Concept (MMC) + Target🧭 Overview:
Today's Silver price action presents a textbook example of how MMC can guide traders through:
Identifying the smart money accumulation phase.
Anticipating breakout momentum .
Locating key reversal areas based on previous liquidity maps and structural shifts.
We are currently observing Silver in the early stages of a structural retest after a breakout from consolidation. This gives rise to two powerful scenarios: either a bullish continuation after structure confirmation or a deeper retracement if the structure fails.
🔍 Detailed Chart Explanation:
🔷 1. Volume Contraction Phase
The market spent multiple sessions forming a symmetrical wedge, visible by narrowing price movement and consistent lower highs and higher lows.
This was accompanied by declining volume, signaling accumulation/distribution by institutional players.
The wedge served as a liquidity trap, drawing in both early shorts and longs before the true direction was revealed.
✅ MMC Principle: Volume contraction often precedes major breakouts as market makers build positions quietly.
🔷 2. SR Interchange – Breakout Confirmation
Price finally broke above the upper trendline, triggering a bullish impulse and confirming SR interchange (resistance turned support).
This move was backed by a strong bullish candle, showing aggressive participation and institutional involvement.
📌 This breakout candle set the tone for a structural shift—transforming from sideways to upward momentum.
🔷 3. Rapid Expansion Toward Previous Target Zone
After the breakout, price accelerated directly into a previous high (target) zone marked in blue.
According to MMC, this zone often acts as a liquidity magnet, where late buyers enter and professional traders take profits.
A rejection wick formed right after touching this zone—classic smart money behavior, catching retail traders chasing the move.
✅ MMC Principle: Prior highs/lows are not just resistance—they're engineered targets for liquidity collection.
🔷 4. Target + Reversal Area
After the rejection, price declined back into the Target + Reversal Zone. This area aligns with MMC’s ideal structure for potential buy-side re-accumulation.
This zone is where previous volume imbalances occurred, meaning it is likely to act as support if the bullish trend is to continue.
📊 Current price is consolidating within this zone, suggesting a possible bullish continuation if structure holds.
🔷 5. Structure Mapping – The Key to MMC
The most recent price reaction highlights the importance of structure mapping: identifying areas where market logic aligns with trader behavior.
The bearish pullback into the structure zone may complete a retest, and traders are watching closely for bullish confirmation.
⚙️ Technical Summary:
Key Zone Description
Volume Contraction Signals accumulation before breakout.
SR Interchange Breakout level where resistance turned to support.
Previous Target Zone Liquidity pool, ideal for institutional exits or reversal.
Target + Reversal Zone Demand zone where the trend may resume if confirmed.
Structure Mapping Current phase; price is aligning into new bullish structure or preparing for drop.
🧭 What to Watch Next:
🔹 Scenario A – Bullish Case:
Price holds within the Target + Reversal Zone.
Confirmation via bullish engulfing candle or breakout of lower high.
Target: retest of 34.80+, then potential extension to 35.20.
🔹 Scenario B – Bearish Case:
Breakdown below structure base at 33.85–34.00.
Could lead to a deeper correction toward 33.40 or 32.80 (previous volume node).
📌 Volume + Structure = Decision Point. Next few candles are crucial for validating direction.
🛠 Strategy & Execution:
Approach: Wait for confirmation candles before entering. Avoid reacting impulsively within the structure zone.
Entry Idea:
Buy on bullish confirmation in the reversal zone.
Place stop below structure invalidation.
Target the top of the previous target zone or higher.
Risk Management: Use tight SLs below 33.85 and scale in only on confirmation.
📅 Timeframe: 1H
🔭 Sentiment: Cautiously Bullish
🎯 Technique: MMC Structure Mapping + Volume-Based Targeting
🧠 Final Thoughts:
This XAGUSD chart showcases the predictive power of MMC when applied correctly. By understanding where smart money operates, traders can improve accuracy, timing, and risk control.
📌 If you found this analysis helpful, like and follow for daily insights. Drop your thoughts in the comments—do you trade MMC-style setups?
EURNZD H2 Best Level to SHORT/HOLD +100/+200 pips🏆 EURNZD Market Update H2 chart
📊 Technical Outlook
🔸trading in well defined range
🔸trading mid range now
🔸range highs set at 9150
🔸range lows set at 8850
🔸strategy: SHORT SELL from resistance
🔸SL 40 pips TP1 +100 pips TP2 +200 pips
🔸swing trade setup for patient traders
📊Forex Market Update (June 3, 2025)
🇪🇺EUR/USD
📉Price:\~1.1410
Euro holds steady near 1.14 amid stable ECB policy and improving German sentiment. However, a drop in eurozone CPI to 2.0% from 2.2% may exert downward pressure
🔑Key Levels Support 1.1365|Resistance 1.1445
🇬🇧GBP/USD
📈Price:\~1.3530
Pound reaches a three-year high, trading around 1.3530, supported by a modest upward revision to May’s UK manufacturing PMI. Lack of UK economic data leaves Sterling influenced by global trends.
🔑Key Levels\:Support 1.3450|Resistance 1.3560
🇺🇸DXY (US Dollar Index)
📉Price:\~98.79
US dollar index falls to a six-week low amid persistent trade tensions and weak US manufacturing data for May. Investors await upcoming US nonfarm payrolls data, which could influence the Federal Reserve’s monetary stance.
🔑Key Levels\:Support 98.00|Resistance 100.00.00
Buy or Sell XAUUSD Gold? How the Stock Market Could Decide!🚨 Market Breakdown: Gold (XAUUSD) 🪙📉📊
At the moment, I’m closely monitoring XAUUSD (Gold) 🔍. Before diving in, it's crucial to zoom out and gain a macro perspective 🌍. This means analyzing key support and resistance levels on the weekly and daily timeframes 📅 using price action as our primary guide.
📈 Gold has seen a strong rally — it’s overextended at this point. A deeper pullback could be on the cards. If we get that retracement alongside a bullish break of structure, I’ll be eyeing a potential long setup 🛒.
However, this bias is conditional 🔄. If the stock market pulls back, that could strengthen the case for a gold buy. On the flip side, if equities continue to rally, I’d likely shift toward a bearish stance on gold 🐻.
🎥 Everything is broken down clearly in the video.
❗️Disclaimer: This is not financial advice. The analysis shared is for educational and informational purposes only. Always do your own research and manage your risk accordingly.
XAUUSD_10M_BuyAnas Gold Analysis
Elliott Wave Analysis Style
Short-term Time Frame and Scalping
Position Type from Buy to Sell
Main and Important Support Level $3355
Given the completion of 5 downwaves and the formation of the corner pattern, by maintaining the main support and breaking the pattern upwards, it can enter the upwave and move towards $3376 and $3382
If the announced resistance is crossed, the rise towards $3404 and $3414 will continue.
XAUUSD - Will Gold Hold $3,300?!Gold is trading above the EMA200 and EMA50 on the 1-hour timeframe and is trading in its ascending channel. If gold corrects towards the two demand areas, it can be bought with a risk-adjusted reward.
Following a tense market open yesterday, driven by escalating military tensions between Russia and Ukraine, the two sides concluded their negotiations in Istanbul. According to an Axios correspondent, Russia presented Ukraine with a formal peace proposal during the talks, outlining terms for a ceasefire and an end to the conflict.
Interfax reported that Russia issued an official memorandum listing its proposed conditions for achieving a ceasefire.
Key points in the document include:
• A full withdrawal of Ukrainian military forces from territories currently under Russian control, including Donetsk, Luhansk, Zaporizhzhia, and Kherson.
• The complete removal of all existing economic sanctions and a mutual agreement to refrain from introducing new sanctions.
• A proposal to reestablish economic relations, including the resumption of natural gas transit through Ukraine.
• A demand for Ukraine to reduce its military personnel and weaponry, along with explicit guarantees of its non-nuclear status and a strict ban on deploying any nuclear arms on its territory.
• The memorandum also calls for the termination of general military mobilization in Ukraine and the initiation of a demobilization process as part of the path toward a ceasefire.
On the other side, Ukrainian President Volodymyr Zelensky announced that Kyiv and Moscow have agreed to a prisoner exchange involving 1,000 soldiers from each side. This exchange includes an additional 200 individuals per side compared to previous agreements. Zelensky described the deal as “another step in the right direction,” and noted that the lists of detainees would be exchanged between the countries later this week.
In U.S. economic news, the latest update from the Atlanta Federal Reserve’s GDPNow model forecasts a 4.6% annualized growth rate for real GDP in the second quarter of 2025. This is an upward revision from the previous estimate of 3.8% released on May 30. The revision followed new data releases from the U.S. Census Bureau and the ISM. In particular, personal consumption growth was raised from 3.3% to 4.0%, while private domestic investment was adjusted from –1.4% to +0.5%.
On the trade front, according to a draft letter obtained by Reuters, the Trump administration has urged participating countries to submit their best trade proposals by Wednesday. The goal is to accelerate talks with multiple partners ahead of a five-week deadline.
This draft, issued by the Office of the United States Trade Representative, provides a glimpse into how President Trump plans to wrap up complex trade negotiations with dozens of nations. These negotiations began on April 9, when he temporarily suspended his “Freedom Day” tariffs for 90 days—until July 8—following turmoil across equity, bond, and currency markets in response to the broad scope of the tariffs.
According to the draft, the U.S. is asking countries to submit top-tier offers across key areas, including tariff and quota proposals for importing American industrial and agricultural products, as well as plans to remove non-tariff barriers.
Stuart Jenkins from Goldman Sachs stated that elevated tariffs on steel and aluminum have likely contributed to a weakening of the U.S. dollar. On Friday, President Trump announced that these tariffs would double starting Wednesday, reaching 50%. Although metals represent a relatively small portion of U.S. imports and the broader impact may be limited, Jenkins noted that this move illustrates the administration’s continued ability to impose tariffs, even in the face of potential legal challenges.
XAUUSD – Poised for a Major Breakout After ConsolidationOn the monthly chart, XAUUSD is forming an Inside Bar pattern, signaling that the market is compressing ahead of a potential strong move. May’s candle remains within April’s range – a classic setup that often precedes a decisive breakout.
On the H4 timeframe, gold has attempted to break above recent highs multiple times but failed, forming a series of lower highs, indicating a corrective structure. However, the recent rebound from May’s low suggests potential accumulation is underway.
Currently, price is hovering around a neutral zone. A clear break above the 3,400 level could spark a fast move toward the 3,500–3,600 range. Conversely, a drop below 3,120 would open the door for a deeper pullback toward 3,000.
From a macro perspective, long-term fundamentals continue to support the bullish case for gold, driven by dovish central bank policies, geopolitical risks, and concerns about USD debasement. Still, a confirmed technical breakout is needed to establish direction in the near term.
Strategy Summary
Buy zone to watch: 3,307 – 3,320
Bullish trigger: Holding above 3,300
Target: 3,435
Risks: False breakouts or failure to hold above the breakout zone
Evening gold analysis and trading point layout📰 Impact of news:
1. Fed's Goolsbee: Despite the unresolved tariff issue, it is still believed that interest rates are expected to fall in the next 12 to 18 months
2. May PMI data is positive
3. Russian media: Russia lists the full withdrawal of Ukrainian troops from Russian territory as one of the ceasefire options
📈 Market analysis:
Judging from the 4H chart, gold is currently fluctuating around the 3370 line, and the bulls are still relatively strong. We should pay attention to the short-term support at 3365-3355 below, and the short-term suppression at 3385-3395 above. If it breaks through the upper suppression, we will pay attention to the 3400 line suppression position. The recent market fluctuations have been relatively large, so bros must set take-profit and stop-loss when trading independently!
🏅 Trading strategies:
BUY 3365-3355
TP 3370-3380-3400
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
XAUUSD/Gold on 3rd May 2025As yesterday I posted that golds is in major uptrend and it is still active. On daily timeframe gold made breakout upward direction of channel and 3382. As I said gold made gap wile opening on Monday so it was strongly bullish, now we want it to fill the gap. And did it is first rejection and coming down. No gold is trading at 3360-65 range, and it is support, soon if it get's break toward downward then price can surge to 3323-3330. Waiting for confirmation and then execute trade.
Key point.
Support - 3364, 3330, 3313
Resistance - 3386, 3400, 3414
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GOLD H1 Intraday Chart For 3 June 2025Hello Traders,
GOLD is in mid term Bullish Trend for now as we already captured nice pips yesterday with directional sequence
but now all eyes on 3400 Psychological Level Breakout once it will break market will move towards 3430
for market in is consolidation zone between 3340-60 and expected to move back towards 3380 or even 90
if market breaks 3330 successfully today then it will move towards 3330 Psychological Level
Disclaimer: Forex is Risky
Trade Idea: Long XAUUSD (BUY STOP)
Bias: Long
Order Type: Buy Stop
Entry: 3392.60 (above current swing high & clean momentum continuation)
Stop Loss: 3379.00 (below local support & M15 20/50 SMA)
Take Profit: 3430.00
Risk-Reward: ~2.7R
⸻
📈 Multi-Timeframe Breakdown:
H4:
• Structure remains bullish.
• Price is breaking out of a range with a clean reclaim of both SMAs.
• Momentum increasing, MACD histogram turning up, signaling trend continuation.
M15:
• Strong impulsive rally from ~3290s to ~3390.
• Higher highs and higher lows cleanly respected.
• Price consolidating at the highs—ideal for breakout continuation setups.
M3:
• Momentum is persistent with shallow pullbacks.
• Small flag forming near 3390 = ideal for a stop entry just above.
• RSI cooling off but still in bullish structure—no divergence yet.
⸻
🧠 Trade Logic:
This is a momentum continuation play after a clean intraday impulse. The market has shown strong upside commitment across all timeframes and is now pausing in a flag/pennant above the breakout zone. A buy stop avoids chasing and only gets triggered if the market confirms with new demand.
⸻
🛡️ Risk Management & Execution:
• Invalidation Window (SL-to-BE Zone):
Move SL to breakeven once price closes above 3401 on M3 with bullish structure.
→ This marks a clear micro higher high and exit from the current consolidation range.
• SL Placement Justification:
3379 is just below the M15 demand zone and SMA confluence—if price breaks below, momentum has failed.
• Entry Execution:
If the flag structure gets invalidated before entry (e.g., price dips sharply), cancel the buy stop.
FUSIONMARKETS:XAUUSD
GOLD surges to hit $3,371 target, continues to aim for $3,400OANDA:XAUUSD rose nearly 3% as US President Trump's tariff threats ratcheted up trade tensions, spurring investor demand for safe-haven assets and sending the dollar sharply lower.
US President Trump said on Friday he would raise tariffs on steel and aluminium imports from the US to 50% from the current 25% starting June 4. This has once again disrupted international trade, Reuters reported.
A European Commission spokesperson expressed deep regret over the US announcement that it would raise tariffs and said the EU was ready to take countermeasures.
Gold prices surged on Monday to a more than four-week high and continued to rise early this morning (Tuesday, June 3) as geopolitical risks from the conflict between Russia and Ukraine escalated as US President Donald Trump continued to threaten tariffs. Trump doubled tariffs on steel and aluminum imports to 50%, effective June 4, adding to jitters in global markets.
Ukraine launched its biggest drone attack since the war against Ukraine on Sunday, targeting a wide swath of Russian air bases on the eve of a second round of direct talks between the two countries. The drones, hidden in trucks, penetrated deep into Russia and hit strategic airfields as far away as eastern Siberia. At the same time, Moscow launched one of its longest drone and missile strikes on Kiev.
In key US data on Monday, the ISM Manufacturing Purchasing Managers’ Index (PMI) for May showed a contraction in business activity. The ISM Manufacturing Purchasing Managers’ Index for May came in at 48.5, down from 48.7 in April, the lowest reading since November.
Investors will also be closely watching comments from Federal Reserve policymakers this week for clues on the path of U.S. interest rates. Gold tends to benefit in low-interest-rate environments and times of geopolitical tension.
Technical Outlook Analysis OANDA:XAUUSD
After reaching the target increase at 3,371 USD, gold temporarily decreased slightly but overall it has enough conditions to continue to increase in price towards the next target at 3,400 USD in the coming time.
In the short term, gold also formed an upward price channel, which is noted by the price channel, describing the short-term technical trend. Meanwhile, in terms of momentum, RSI is operating above 50, still quite far from the overbought area, showing that there is still a lot of room for growth ahead.
For the day, the main outlook for gold is bullish, any pullbacks that fail to break below the confluence of the EMA21 with the 0.382% Fibonacci retracement should be considered only as a short-term correction, or a fresh buying opportunity.
Finally, the short-term bullish trend for gold will be focused again on the following positions.
Support: 3,326 – 3,300 – 3,292 USD
Resistance: 3,371 – 3,400 – 3,435 USD
SELL XAUUSD PRICE 3412 - 3410⚡️
↠↠ Stop Loss 3416
→Take Profit 1 3404
↨
→Take Profit 2 3398
BUY XAUUSD PRICE 3324 - 3326⚡️
↠↠ Stop Loss 3320
→Take Profit 1 3332
↨
→Take Profit 2 3338
Natural Gas Roaring & SoaringNat gas had an epi +8% rally today.
The question is do the bull have more gas left in the tank or do the bears start to take over and press price lower?
We had news across the energy sector that spiked most energy assets.
Typically news based pops of this nature don't last.
If we get back above 3.84/3.85 then there might be a convincing opportunity to press this long
As of now i still lean bearish but holding no Nat Gas position.
Gold (XAU/USD) Bullish Breakout Analysis – 30-Minute Chart. This chart shows a bullish breakout in Gold Spot (XAU/USD) on the 30-minute timeframe. After breaking above key resistance levels around the 3,325.000 zone, price action has shown strong upward momentum. The chart suggests a potential short-term pullback (as illustrated by the blue retracement path) followed by a continuation toward the projected target zone near 3,400.000. Multiple support zones (highlighted in green) now provide a solid base for potential buying opportunities. This setup, marked by volume confirmation and structure breakout, aligns with a bullish market sentiment.
Gold is Setting up for a Move! Could it be a big one?Looking for price to set up for a solid move. One thing is for sure we are waiting for the killzones before taking any action. The price action the last few days has been giving fake outs just before we roll into the killzone. Be patient. Wait for things to line up.
