XAU/USD Weekly analysis 2-June-2025-Gold has been in a range for some time on the weekly time frame
-By the end of the month, a Doji candlestick formed. This is the result of equal power between buyers and sellers
-On the daily time frame:
Lower highs and lows have formed
And a downtrend and channel (purple line) have formed
-Meanwhile, on the 1H time frame, the lower highs and lows are seen within a channel (green line)
And the price tried to break through the resistance level but failed to break through it
On the other hand, given the steepening of the decline in the last trend (orange line), I expect the price to continue to decline to the next support level
*Be profitable
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XAUUSDK trade ideas
Bearish drop?The Gold (XAU/USD) has reacted off the pivot and could potentially drop from this level to the 1st support.
Pivot: 3,237.46
1st Support: 3,239.71
1st Resistance: 3,415.22
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Short position opportunity at 3366 suppression pointAt present, the focus of gold is on the previous high point of 3360-3366. If the rebound fails to effectively break through this range, you can consider entering a short position. Although gold is in a high-level oscillation stage, you should not blindly chase more. If the upper suppression continues to be effective, there is a risk of a technical correction. If you encounter confusion in operation, please feel free to communicate at any time; if the current gold operation is not ideal, I hope to help you avoid risks and reduce investment detours. I look forward to your contact.
From the perspective of the 4-hour cycle, the upper resistance focuses on the 3360-3366 line, and the short-term support below focuses on the 3320-3325 area. It is recommended to keep operating in line with the trend and follow the main trend unchanged.
Operation strategy: When gold rebounds to the 3360-3366 line and fails to break through, arrange short positions, and target the 3320-3325 range.
GOLD Price Analysis: Key Insights for Next Week Trading DecisionGold prices surged last week, ending with a strong 3.9% weekly gain, closing around the $3,365 zone after bouncing back with conviction on Friday. In this video, I break down why gold rallied, what key events influenced price action, and how I’m reading the current chart structure to strategically position for the next move.
Here’s what’s driving the gold market right now:
🔸 Moody’s U.S. sovereign downgrade reignited safe-haven demand
🔸 Easing U.S.–China tensions led to mid-week profit-taking
🔸 Friday’s sharp rebound (+1.7% intraday) shows bulls are still in the game
🔸 Upcoming high-impact events could shake things up again
🎯 In this analysis, I walk you through:
🔸My technical blueprint (key zones for buyers & sellers)
🔸My bullish and bearish scenarios based on the structure on the chart
🔔 Don’t forget to like the video in support of my work.
Disclaimer:
Based on experience and what I see on the charts, this is my take. It’s not financial advice—always do your research and consult a licensed advisor before trading.
#GoldAnalysis #XAUUSD #GoldForecast #ForexTrading #TechnicalAnalysis #FedPowell #PCEInflation #FOMCMinutes #GoldPricePrediction #GoldBulls #TradingStrategy #GoldOutlook #USGDP #ForexMentor #PriceActionTrading
BULLS VS BEARS WILL GOLD MATCH ATH?Glossary:
Ged = Bearish scenario
Green = Bullish scenario
POI = Point of interest
ATH = All time high
LQ = Liquidity zone
Gold since the beginning has been moving in a range and break fashion you'll see this across the board, always. A 4hr range is in the process of being formed ideally what wed like to see is for the high to be matched first. That simply would give more confidence for the bears to get in and short the market however now we sit with the though of where will it go first?
preferred bias
Buys to sell, ideally and the most logical outcome is the highs do get matched forming a strong liquidity zone that can be targeted at a future date, as price begins to fall new points of interest can then be formed (since there isn't a lot to target above right now), this will allow the market to have areas it can market when we see the bullish side of this range play out when ever that may be.
Structure
Current structure allows you to get in trades, previous structure allows you to get out of trades use it to your advantage, think. where does the money want to move next where will the banks get the best bang for their buck and most importantly where can we cause traders to LOSE, a trade you win is a trade someone else lost. so long you stick with where the big guys want to go you'll be on the right side
Bullish bias (green)
Key points get broken, imbalance fill, ATH matched (this is where short orders get stacked, future sweep target.
Bearish bias (red)
Area 1 , this is the first key low im looking to break if we see a candle close below continue to area 2, there are traders who WILL get stopped out at zone 1
Area 2 , this is our next key point in structure there will still be traders with open positions here also, again if we see a candle close below this zone continue to monitor for Area 3
Area 3, this may be a final target, however there's still POI's sat below if price shows strong signs of bearish momentum target Areas 4 and below can be open for discussion
Conclusion
personally i would like to see POI's built on the buy side as of right now before we move down simply because the market NEEDS somewhere to move from and to without that it would be erratic.
If you found this helpful be sure to boost this idea, give a like and a follow, consistent charts will be posted on a weekly basis and let me know what you think down in the comment section too :)
"Gold Analysis Using Elliott Wave: Prolonged ABC Correction"I believe that gold is currently undergoing a significant and prolonged ABC correction. At the moment, we are in a subordinate wave structure, specifically within a WXY correction pattern, marked on the chart with , , , , , and in red.
For the upcoming weeks and days, it is crucial to observe the potential price movements. In my chart, I have drawn the larger timeframe with white lines to illustrate the overarching trend, while a red line indicates the smaller, subordinate wave structure.
Currently, we are in the red-marked WXY zone, which suggests that around the 3,286 level could be an ideal point to enter a long position targeting higher levels in wave Y. Conversely, this could also be an opportune moment to short down to wave B and then C.
On the short-term chart, we are at point A, marked in yellow. After reaching A, I expect a trend reversal within the highlighted rectangle towards B (also marked in yellow), followed by an upward move to C.
Subsequently, we may see a five-wave decline labeled as i, ii, iii, iv, v. After this decline, a corrective upward movement is anticipated, characterized by an ABC pattern.
These are my expectations for gold based on this analysis. Please note that this information is for educational purposes only; there are no guarantees regarding trade execution or outcomes. Whether you decide to enter a position or not depends solely on your own judgment.
| Gold | And Gold Alone : Buy The Best | Accept No Substitute | | Gold | And Gold Alone : Buy The Best | Accept No Substitution |
Gold
Accept No Substitute.
Never fall into the "Catch-Up Game Trap."
Silver is presently such a Trap.
Gold will continue to Outperform Silver
Don't let a Dealer convince you otherwise
Buy Strength, Sell Weakness
Buy The Best, Winner takes all
Gold / > United States Dollar
Gold / > US Dollar Index
Gold / > Swiss Franc
Gold / > Great British Pound
Gold / > Euro
Gold / > Japanese Yen
Gold / > Bitcoin
Gold / > Silver
Bitcoin / < Gold
Bitcoin Total Market Cap / < Gold
Silver / < Gold
Pro Tip : Rarely a good bet, if your Broker is paying carry for you to hold it.
It's in the Detail
🌟
XAU/USD (Gold vs USD)📈 Chart Type: Technical Analysis
📍 Instrument: XAU/USD (Gold vs USD)
⏱️ Timeframe:
🧩 Pattern Analysis:
We are observing a potential bullish reversal setup forming based on the AB=CD harmonic pattern, completing at a key trendline support level. The XA–AB–BC–CD legs align with Fibonacci ratios:
AB retraced ~50.8% of XA
BC extended ~121.8% of AB
CD projected to complete near the 1.221 extension of BC
This area also aligns with a long-term ascending trendline, suggesting strong confluence for a reversal.
🧭 Trade Plan (Not Financial Advice):
Entry: Await confirmation at point D (e.g., bullish engulfing, divergence, volume spike)
Stop-Loss: Below trendline and horizontal support
Take-Profit Zones: Prior highs and Fibonacci extensions
BULLS VS BEARS ? BEARS.gold moves in a simple pattern range then break. ALL THE TIME
pair that with injected money and liquidity targets you grant yourself the perfect area to get in and out
building upon the set ups looked at yesterday the bearish outcome is playing out well
this shows the importance of always having 2 scenarios not to play both sides. but to simply be able to pivot when the market does aswell
looking for a re entry off the first long position if gold shows signs of wanting to create a text book example of a supply and demand zone
Gold Analysis June 6: Focus on Nonfarm Payrolls vGold, after rising around 3400, has been under strong downward pressure after US President Donald Trump and Chinese President Xi Jinping had a productive phone call. Today the market focuses on Nonfarm Payrolls
- Technically.
Gold has been under downward pressure from around 3400 and yesterday's decline was good, gold is currently trading below the 3400 zone. However, it has met support at the 3346 - 3340 zone.
Before today's NFP news, you can trade according to the above support zone to buy up, and sell at the psychological resistance zone of 3400.
Gold summary this week and analysis for next week.
Analysis of gold news:
During the U.S. trading session on Friday (June 6), spot gold continued to fall weakly and ended the week at around 3309. Gold rose and fell on Thursday. Earlier, silver broke through the $35 mark, hitting a 13-year high, driving gold prices to break through the $3400 mark, hitting a four-week high of around $3403.28. However, due to the signal of easing trade tensions released by the US and Chinese leaders during the call, the spot gold price closed down 0.6% at $3352.65. The market began to turn its attention to the upcoming US non-farm payrolls data and the policy trends of the Federal Reserve. On June 5, the call between US President Trump and Chinese leaders became the focus of global financial markets. Trump said on social media that the two sides reached a "very positive conclusion" on trade issues, while Chinese officials emphasized that negative measures against China should be withdrawn. This rare dialogue between leaders was interpreted by the market as a signal of thawing trade tensions, weakening the appeal of gold as a safe-haven asset, causing spot gold prices to fall back to $3,352.65 after an intraday high of $3,403.28. Despite this, gold has risen by about 28% this year, showing its strong demand amid global uncertainty. Analysts pointed out that the easing of trade tensions has a direct impact on the performance of safe-haven assets. The decline in gold prices reflects the market's optimistic expectations for the progress of Sino-US trade negotiations.
Judging from the current trend of gold, the market will continue to fall next week; the decline is not as strong as expected, first look at the gap filling near 3,290, then look at the range of 3,260 to 3,250, and give specific points after updating the indicators on Monday; focus on the pressure near 3,330-3,335 next Monday, consider shorting ideas, and give specific operational suggestions on Monday.
xauusd gold 15mThis chart represents a technical analysis setup for Gold Spot/USD (XAU/USD) on the 15-minute timeframe, with a clear short (sell) bias indicated by the annotations.
Here’s a breakdown of the chart:
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📌 Key Zones and Levels:
1. Register Zone (Resistance Zone):
Highlighted in red, labeled at 3,383.421.
Price has touched this zone multiple times (double top), showing potential for a reversal.
2. 1st Level Support:
Marked in blue at 3,371.166 (roughly 3,370.967).
Considered a minor support level — might act as a temporary bounce point.
3. Target Point (Major Support Zone):
Labeled at 3,352.517, marked with a thick green box.
This is the major downside target based on the move projection.
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📈 Pattern & Trade Idea:
The chart suggests a double-top formation in the red resistance zone.
Price is currently just below the resistance and could potentially reverse downward.
The arrows indicate:
A short trade entry just under the red zone.
1st level as an interim target.
Final target around 3,352.517 for the move completion.
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🧠 Trader's Likely Intent:
Sell near 3,381–3,383 zone (confirmation-based entry).
Targets:
First target: 3,371.
Final target: 3,352.
Stop-loss: Presumably above 3,383.421, invalidating the resistance breakout.
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Would you like help turning this into a full trade plan with entry, stop-loss, and take-profit values, or translating this into a script (e.g., Pine Script) on TradingView?
Gold opportunity in pullbackGold is showing a nice 3-wave pullback, and showing a higher high sequence, as per Elliott wave also an incomplete sequence, also the dollar is showing a bearish sequence. so it can be a good opportunity.
selling Gold/silver is BIG NOOOOO
Entry 3311
SL: 3245
Target T1:3490 T2: 3540
Plz Follow me on X for more updates
GOLD - Buy the dips toward the 50% / 61% retracement...the decline from the 22nd of April is in a very clear 3 waves with a perfect 100% retracement. the subsequent rally from the 15th of May is in a clear motive sequence. negative RSI divergence signals that some sort of 5th wave is complete.
the characteristics of this motive rally seems like a wave (i) of V is complete and we are now looking for a drop to complete wave (ii) of V.
buying dips toward the 50% / 61% retracement is my preferred strategy for now.
a rally and daily close above 3400 would invalidate this analysis. keep in mind possible volatility due to upcoming event risk.
Gold Overview Strategy June 6The 3-candle D1 cluster did not close above 50% of the main bullish candle on Friday last week. Today's main view will be to BUY to 3413.
Today's resistance is around 3413 for the SELL strategy of the US Session. The Asian-European session is looking for a BUY point. There was just a nice BUY wave around 3363 where the price swept liquidity to 3359.
3382 is the target for the BUY order and this area can SELL Scalp in today's Asian-European session for a recovery wave because today's target is up to 3413 according to the bullish structure.
In the direction of Gold Down, contrary to our analysis, the support zone 3341 and support 3324 will support the upward force of gold prices.
The breakout boundary zone 3382 and 3341. Pay attention to breaking out from important resistances, then do not trade against the trend.
Resistance: 3373-3382-3399-3413
Support: 3357-3341- 3325
The global market is volatile!Recently, the Trump administration's intermittent trade policies have exacerbated the volatility of the US dollar. Market concerns that escalating trade frictions may trigger a US recession have weakened the dollar's appeal as a safe-haven asset. Morgan Stanley strategists pointed out that the US dollar may continue to weaken in the next 12 months, as US interest rates and economic growth expectations are gradually converging with other major economies, further undermining the confidence of US dollar bulls.
In June, the gold market fluctuated significantly. On the first trading day of June, spot gold rose nearly 3% in a single day, breaking through the high of $3,392 at one point, but fell back to around $3,350 in the Asian market the next day, a drop of about 0.48%. From a technical perspective, the 3,325 line has become a key support level - if it falls below this position, the bullish momentum may weaken; on the contrary, it is expected to resume its upward trend after stabilizing. The upper resistance is 3380-3398, and the lower short-term support is at 3325.
Gold suggestion: retrace to 3335-3340 to arrange long orders, stop loss 3325, target 3378