The market is testing a strong resistance zone Trade Rationale:
The market is testing a strong resistance zone near 3368. If this level holds, we anticipate a pullback or downward correction. Momentum indicators are showing signs of weakening bullish strength, which supports a short position.
XAUUSD (GOLD/USD) – SELL TRADE ANALYSIS 📉
🔻 SELL ZONE:
Entry recommended around 3368 level, where selling pressure is anticipated based on current resistance and price action signals.
Take Profit Targets:
TP1: 3365 – Initial intraday target
TP2: 3360 – Key minor support
TP3: 3355 – Short-term structural support
TP4: 3350 – Deeper correction level
TP5: 3345 – Final target for extended bearish move
🛑 Stop Loss:
SL: 3378 – Placed above the resistance zone to protect against upside breakout
XAUUSDK trade ideas
Ascending triangle on gold: $3,280 or $3,560 next? Gold has climbed following softer-than-expected US economic data, which has strengthened speculation for at least two Federal Reserve rate cuts this year. ADP employment figures showed just 37K new jobs, well below the 111K forecast.
President Donald Trump, posting on Truth Social, called on “too slow” Fed Chair Jerome Powell to cut rates immediately.
The repeated tests of the $3,400 level suggest that selling pressure at this zone could be weakening. Lower interest rates tend to support gold prices, as the metal offers no yield. However, a daily close below the recent swing low of $3,280 would undermine the pattern.
Gold (XAU/USD) is showing bullish momentum around the 3360 level🔔 XAU/USD Trade Idea (Gold vs. USD)
Position: BUY NOW @ 3360
🎯 Targets:
TP1: 3370 (Initial resistance / intraday profit level)
TP2: 3380 (Stronger resistance zone)
TP3: 3400 (Psychological and technical breakout level)
🛑 Stop Loss: 3350 (Just below key intraday support zone)
📊 Analysis:
Gold (XAU/USD) is showing bullish momentum around the 3360 level, supported by sustained buying pressure and a potential breakout from recent consolidation. The immediate trend favors buyers, especially if price holds above 3350, which acts as a solid support base. A move above 3370 could trigger further upside toward 3380 and eventually 3400, aligning with broader market sentiment and potential weakness in the USD.
Bias on gold is still a retracement to the demand zoneHoping today price will reach the demand zone before the long buys
Price did fall 400pips but tapped into the fair value gap and rose again as usual
Hopefully price will reach the demand zone before rising or breaking the demad zone
like follow for more dialy trades updates on gold
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
XAU/USD 03 June 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 23 April 2025
Price has now printed a bearish CHoCH according to my analysis yesterday.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200.
Note:
The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively.
Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis and bias remains the same as analysis dated 22 May 2025.
In my analysis from 12 May 2025, I noted that price had yet to target the weak internal high, including on the H4 timeframe. This aligns with the ongoing corrective bearish pullback across higher timeframes, so a bearish internal Break of Structure (iBOS) was a likely outcome.
As anticipated, price targeted strong internal low, confirming a bearish iBOS.
Price has remained within the internal range for an extended period and has yet to target the weak internal low. A contributing factor could be the bullish nature of the H4 timeframe's internal range, which has reacted from a discounted level at 50% of the internal equilibrium (EQ).
Intraday Expectation:
Technically price to continue bullish, react at either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 3,120.765.
Alternative scenario:
Price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance and persistent geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment.
Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws.
M15 Chart:
Long idea on GoldLooking to long gold from 3326 area.
Technical Reasoning-
38 Fib
TL Break Retest
Psych level (25)
Look for alignment on a BR movement with DXY
Current sentiment is risk off going into the London session, if this sentiment stays then the long is valid.
Final target for the movement is to 3400. Partial profit taking along the ride is always a good idea.
Have not posted here in a minute, will become more frequent now.
My shift has changed, I am predominantly trading gold, I also am trading USDJPY, however trades on UJ have to have alignment with DXY 100% of the time for the trade to be valid, therefore trades won't be as frequent but accurate. Similar notion applies to gold, with such strong correlation to DXY when the market is dollar driven (Roughly 80% of the time), gold has beautiful alignment with DXY.
Good to be back in the game.
Catch you later traders ☀️
Gold trading strategy and analysis next Monday✅Last Friday, gold hit a high of 3322 in the early trading and then fell back, with the lowest intraday price dropping to around 3271, indicating that bears gradually took the leading position. Although the overall trend may still fluctuate widely, the trend structure shows that the market has shown signs of weakening, and the short-term trend is still dominated by bears.
✅From the key position, the 3312 line is the position where the decline accelerated last week, and it is also an important short-term resistance level. If the gold price rebounds to this position next week and is under pressure, there is a possibility of falling back to 3270 or even 3245; on the contrary, if it breaks through strongly and stands above 3312, it is necessary to be alert to the market further reaching the previous high area, testing 3322-3325 or even higher points.
✅From the structure of the hourly chart, gold has maintained a fluctuating downward rhythm since the Asian and European sessions on Friday, and is obviously suppressed by the 3325 line. The strong rise on Thursday once induced the market to follow the trend and do more, but the subsequent rapid decline showed typical characteristics of washing the market, highlighting the intensification of the long-short game. At present, the 1-hour moving average system has turned downward as a whole, and an effective golden cross has not yet formed. The short-term short momentum is still accumulating.
✅In terms of trading strategy, it is recommended to continue to maintain the idea of "shorting after rebounding and long after pullback" at the beginning of next week. If the gold price rebounds to the 3310-3315 range and continues to be blocked, you can consider relying on this area to arrange short orders in batches, and focus on the 3270 and 3245 first-line support. If the market shows signs of stabilization after a correction to the key support range, you can try to rebound with a light position in the short term.
🔴Resistance level: 3312-3315
🟢Support level: 3270-3245
XAUUSD - Key Inflection Point AheadLooking at this gold spot chart, the precious metal appears to be consolidating within a defined range after experiencing significant volatility throughout May. The price is currently trading near the upper boundary of the marked support zone around $3,250-$3,260, following a recent pullback from higher levels. Given the technical setup and the proximity to this key support area, there's a strong probability that gold will retest this support zone in the coming sessions. This retest will be critical in determining the next directional move - if the support holds and buyers step in, we could see a bounce back toward the upside targeting previous resistance levels, potentially challenging the recent highs. However, if the support fails to hold under selling pressure, gold could continue its downward trajectory, opening the door for further declines toward lower support levels. The market's reaction at this support zone will likely dictate whether the current consolidation resolves bullishly or bearishly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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
---
### 🔍 **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)
XAUMO Weekly Institutional Liquidity Map | Supply & Demand Weekly Institutional Liquidity Map | Supply & Demand | Stop Hunt Zones | Tactical Outlook
The market is entering a critical inflection zone this week. Institutional players are actively manipulating liquidity to build positions while retail gets chopped in both directions. Smart traders should focus on liquidity maps rather than signals. Here’s the full kill zone for this week:
📍 Liquidity Mapping
• Market remains under heavy distribution from prior highs.
• Institutional algorithms targeting lower liquidity voids for clean fills.
• Volatility expected to increase as macro uncertainty grows (Taco Trump risk factor).
🔴 Supply Zones (Institutional Sell Areas)
Major Supply Zone
3400 – 3450
Secondary Supply Zone
3320 – 3350
Expect liquidity spikes into these zones to trigger aggressive institutional short entries.
Look for reversal wicks, rejection candles, and volume spikes for confirmation.
🔪 Stop Hunt Zones (Liquidity Traps)
Upper Stop Hunt
3340 – 3360
Lower Stop Hunt
3280 – 3300
Algos will likely run stops above recent highs and lows to trap breakout traders.
These zones are perfect for fading failed breakouts.
🟢 Demand Zones (Institutional Buy Areas)
Primary Demand Zone
3200 – 3250
Extreme Demand Zone
3100 – 3120
Strong probability that institutional buy programs activate near these levels for mean-reversion plays.
Watch volume confirmation, order flow shifts, and reaction strength.
📈 This Week’s Tactical Playbook
• Bias: Short rallies into supply zones.
• Strategy: Fade stop hunts, ride momentum into demand zones.
• Risk Management: Tight stops above liquidity grabs; scale out at key liquidity pools.
#PriceAction #LiquidityZones #SupplyDemand #StopHunt #SmartMoney #InstitutionalTrading #KillZone #Forex #Futures #SPX #TradingViewIdeas
Accurately grasp the gold trend analysis next week📰 Impact of news:
1. The geopolitical situation is gradually deteriorating
2. Trump again calls on the Federal Reserve to cut interest rates
📈 Market analysis:
The current weekly moving average support for gold prices is roughly 3250-3260. If 3250-60 can be maintained, then gold may continue to maintain consolidation and wait for an opportunity to choose a trend. If it falls below 3250, then it can directly see the 3200 mark. If 3200 falls below again, then it will see 3100. In the short term, the first focus of the gold price below is 3315. As long as it stays above 3315, gold is still in a bullish trend. Secondly, pay attention to the 3280 line below. If it falls below 3280, the gold price will further test the support of 3260-3250. It is possible that gold will form a head and shoulders top structure on the daily chart next week. It may fall to 3250-60 at the beginning of the week to lure shorts into the market, and then stretch and rebound to around 3350 to form a shoulder position, and finally directly dive down to around 3150.
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.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
XAU USD LONG RESULT Gold price was in a minor ascending wedge channel and under an overall bearish major Trendline. But I intended to take the long position to the resistance of the zone and Trendline.
Which price did move as expected just missing my entry before heading to TP.
Better Setups and follow ups😉
_THE_KLASSIC_TRADER_.
Elliott Wave Pattern – XAUUSD Trading Plan for June 8. 2025Elliott Wave Analysis
After Friday’s deep decline, price touched the level of wave 1 (black), invalidating the flat wave 4 scenario. Currently, the structure of wave 5 (black) appears to be a terminal triangle, and the sharp and steep drop afterward is consistent with post-terminal triangle behavior.
Post wave 5 completion, two possible bearish scenarios emerge:
Scenario 1: Price is forming a zigzag (abc in black). Wave c may have completed at 3305 — the first target. However, 3290 remains a significant lower target. A recovery that breaks above 3340 would help invalidate Scenario 2.
Scenario 2: Price is in a 5-wave bearish impulse. To confirm this, price must not break above 3340, as that would overlap with wave 1 and invalidate the structure. If this holds, the next key target lies below 3245.
Momentum Analysis
Daily (D1): When the market opens this week, momentum is expected to enter oversold territory — suggesting a weakening downtrend. Confirmation is needed.
H4: Momentum is already in oversold territory, indicating a potential bullish move early in the week.
H1: Also oversold. A reversal is likely during the Asian or European session, favoring Scenario 1 and a buy setup near wave c = wave a.
Trading Plan
Buy 3305 – 3302
SL: 3295
TP1: 3340
TP2: 3393
Buy 3292 – 3289
SL: 3282
TP1: 3305
TP2: 3340
TP3: 3393
Pay close attention to this ☠️
The markets are supposed to open on an upward gap, but according to my analysis, it should be a small downward gap and then the price covers the previous price gap at 3295 and then the bullish party begins with all the power of the global economy.
But I say this from my pulpit. A bullish price gap and very high liquidity at the opening and then the markets calm down for hours and by ten o'clock in the morning on Monday, gold will have covered the previous gap at 3295 and rebounded upwards above the gap or opening price this week.
This and God knows best ❤️
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