3345 Price return to the rangeSelling pressure due to the rumor or reality of the Chinese government's move to sell its gold reserves
Indicator weakness rsi
Cross indicator macd
ema21 time 4h
XAUUSDK trade ideas
Gold Surges After Trade DealXAUUSD has recently shown a strong upward trend, supported by both a technical breakout structure and positive fundamental developments. After a prolonged rally from the lows of the previous weekend’s close, it has decisively broken through the key resistance zone between $3,365 and $3,370, which has now been clearly removed. With this breakout, the structure confirms the upward momentum and the expectation is to retest this newly formed support zone before continuing the uptrend.
The price is currently around $3,368 and a pullback to the $3,365 to $3,370 zone will offer a high-probability buying opportunity. This aligns with classic price behavior: after a breakout, the market often returns to test the former resistance level, which has now turned into support. If we see it retest, it would confirm the technical setup for a continued move toward the projected target of $3,470.
From a fundamental perspective, the Chinese Ministry of Commerce issued a statement refuting accusations from the US of violating the bilateral trade agreement (published on June 2, 2025), claiming these allegations are "groundless." According to the reached agreement, the US agreed to reduce tariffs on Chinese goods from 145% to 30% within 90 days. In return, China also pledged to lower tariffs on US goods from 125% to 10% over the same period. President Donald Trump stated over the weekend that China had not complied with the agreement and warned of increased tariffs on steel and aluminum this week.
Additionally, the ongoing Russia-Ukraine conflict continues to escalate, increasing pressure on risk assets and supporting gold prices. Tim Waterer, Chief Market Analyst at KCM Trade, commented that with rising trade and geopolitical tensions, it’s no surprise that gold has started the new week with an upward trend.
From a technical standpoint, the overall structure remains bullish. The breakout is clear and supported by volume. Any deeper pullback that breaks below $3,335 would invalidate the short-term bullish trend, as it would signal a failure to hold above the former resistance level and could mean the beginning of a deeper correction toward trendline support.
In conclusion, the current market behavior suggests it is in the process of forming a bullish continuation, supported by the clear breakout above previous resistance, rising geopolitical and trade tensions.
The price is likely to retest the breakout zone, offering a potential long setup forecasting a move higher if momentum remains strong. The technical picture is supported by future growth plans, making it a safe-haven asset to watch closely in the coming weeks to confirm the pullback and continuation.
XAUUSD – Bearish Outlook from Resistance Zone📊 XAUUSD – Bearish Outlook from Resistance Zone
🕒 Date: June 5, 2025
💰 Instrument: Gold (XAUUSD)
📍 Current Price: 3,352.730 USD
🟨 Key Resistance Level
🔴 Price has sharply reacted from the 3,375–3,400 USD zone, highlighted as a strong resistance area.
📉 This zone has previously triggered significant sell-offs, confirmed again by the current bearish rejection (red arrow 🔻).
📉 Bearish Market Structure
The price structure suggests a classic lower high rejection scenario with potential for further downside:
🔻 Immediate Drop Expected
After rejection from resistance, the price shows early signs of breakdown. A minor pullback is expected before continuation.
🧭 TP1 – First Target Zone:
📍 3,245.560 USD
This level aligns with a previous demand area (light red box), likely to act as temporary support or reaction point.
🎯 TP2 – Final Bearish Target:
📍 3,127.527 USD
This blue demand zone is a major support level, previously a strong rally base (green arrow 🟢). Expect buyers to step in here again.
🔄 Trade Idea Summary
💼 Setup Type: Resistance Rejection
🛑 Bias: Bearish
📍 Entry Zone: ~3,350–3,360 USD (confirmed rejection)
🎯 Take Profit 1: 3,245.560 USD
🎯 Take Profit 2: 3,127.527 USD
🔒 Stop Loss: Above 3,400 USD (outside resistance zone)
📌 Observations:
🔁 The market repeated its previous pattern: bouncing from the blue demand zone and rejecting at the yellow resistance zone.
🧱 A solid breakdown below TP1 could accelerate movement toward TP2.
🔍 Watch for any bullish reaction around TP2 for potential reversal setups.
📉 Bias: Bearish
📆 Outlook: Short-term to mid-term swing
XAUUSDMy current thought process towards this trade: Overall, the structure is bullish, which means I am looking for buying opportunities—but not in this case. I see a potential sell-off, and the structure may be shifting direction. I strongly believe in that idea, but I can only wait and see.The thing about trading counter-trends is that you need to wait for confirmation of your bias. I am not ignorant of the fact that the market is in a bullish run, meaning anything is possible—my sell setup might happen, or it might not. It’s a 50-50 chance. However, I am interested in a sell trade, but only if everything works out the way I intend.
Gold Trading Strategy, June 4-5
✅Gold showed a "first decline and then rise" trend today, with the lowest point of the day reaching 3344, which is highly consistent with the long position layout point near 3345 that we publicly reminded in the early trading, showing a precise grasp of the market rhythm. Subsequently, affected by the positive US data, the gold price rose further, and the high point gradually approached the 3392 resistance line, and the bullish momentum continued to increase.
✅From the technical structure, the current low point of gold price continues to move up, showing that the bullish structure is healthy. If there is a subsequent correction, it is expected that it will not break the 3344 support level again. If the daily closing successfully stands above 3392, it will further open up the room for gold to rise and affect the layout direction of our trading strategy on Thursday.
🔴Upper resistance: 3385-3392
🟢Lower support: 3345-3350
✅Day trading strategy:
🔰Aggressive long order: In the 3350-3355 area, you can continue to pay attention to low-level long opportunities, and place the stop loss below 3344
🔰Short order attempt: If the price approaches 3392 and there is obvious stagflation, you can try short-term short orders with a light position, and the target is 3370
Gold should beware of unexpected employment data explosion!Market New s
On Wednesday (June 4) in the Asian market, spot gold fluctuated slightly and is currently trading around $3,346 per ounce. The international gold price fell 0.83% on Tuesday, after hitting a high of $3,392 since May 8. The price decline was mainly suppressed by the rebound of the US dollar exchange rate. At the same time, the tense international trade situation, the weakness of the US labor market and the cautious attitude of the Federal Reserve have cast a fog of uncertainty over the gold market.However, the market remains vigilant about the global situation. The continued expansion of the US fiscal deficit, the escalation of trade tensions between Asian powers and the United States, and the failure of the second round of peace talks between Ukraine and Russia have led to market risk aversion still supporting London gold prices. The Fed's wait-and-see attitude and cautious assessment of inflation expectations have further increased market uncertainty. Pay close attention to Friday's non-farm payrolls data and the Fed's policy guidance to determine the next wave of gold price movements. In addition, this trading day pays attention to the US ADP employment data in May and the US ISM non-manufacturing PMI data in May, as well as news related to the international trade situation. News related to the geopolitical situation also needs to be paid attention to.
Technical Review
Gold rose strongly overnight because Ukraine directly blew up 41 Russian fighter jets. Today, the expected rhythm was completed and the bottom rebounded. In the four-hour chart, the hourly chart price still maintains the upper track of the Bollinger Band channel, and the daily chart MA10-day moving average 3326 and the 5-day moving average 3340 are running above. In the wide range of market fluctuations, short-term participation is the main. Intraday callbacks are still mainly low-price buying. In terms of the moving average system, the short-term moving average diverges upward, providing certain support for the price, but the deviation rate from the long-term moving average has a trend of shrinking, so beware of price corrections. At the 4-hour level, the 5-day moving average crosses the 10-day moving average to run. If the hourly price can effectively break through the upper edge of the recent fluctuation range of 3400, it is expected to usher in a wave of rising prices in the short term; on the contrary, if it falls below the lower edge of 3300, it may further explore.
Today’s analysis
Gold rebounded in the Asian session and then rushed up directly, and the center of gravity of the rebound low point is also constantly moving up. At present, from the one-hour market, the short-term gold price has stabilized above the top and bottom conversion position of 3340, and it also remains above the upward trend line. Buying is strong. For the future trend, we still have a buying mindset!
Gold price rebounded to the lowest level of 3346 in the Asian session, and the buying energy is relatively strong, but I still suggest that you don’t chase orders. There is no good thing in the Asian session. Chasing the rise is easy to be trapped at a high point. We only need to pay attention to two points in the Asian session, which are the key position of 3330 and the short-term support level of 3346. If there is a rebound to 3350 during the session, start ambush buying!
Operation ideas:
Short-term gold 3350-3360 long, stop loss 3330, target 3370-3400;
Short-term gold 3370-3380 short, stop loss 3350, target 3340-3320;
Key points:
First support level: 3338, second support level: 3326, third support level: 3303
First resistance level: 3370, second resistance level: 3386, third resistance level: 3396
XauUsd 6/4/2025London open.
TP- inversion fvg
Entry:
Daily Inversion Fair Value Gap
4hr: bullish
1hr: bullish,
15min: bullish
5min: consolidation -> expansion
XAUUSD – Bullish Continuation Ahead?OANDA:XAUUSD is currently trading within an ascending channel, with price recently bouncing off the channel’s support trendline after a pullback. This recovery indicates that buyers are stepping in, maintaining the bullish structure within the channel.
If the upward momentum continues, we may see a move toward 3,400 USD, which aligns with the upper boundary of the channel. This level could act as a potential short-term target before any reaction from sellers. A clear breakout above this resistance zone could open the door for further gains. However, failure to sustain this momentum might lead to another test of the lower boundary.
Traders should watch for bullish confirmation signals such as higher lows, strong bullish candlesticks, or rising volume before considering long positions.
If you agree with this outlook or have any additional insights, feel free to share your thoughts!
A small pullback is occurring, likely retesting support Price has broken above the downtrend line, indicating a trend reversal. A small pullback is occurring, likely retesting support (old resistance) near 3,340.
NF will help gold price above 3400According to the U.S. Bureau of Labor Statistics, signs of labor market weakness emerged as jobless claims rose, signaling a potential cooling in employment conditions. Meanwhile, the U.S. Bureau of Economic Analysis reported a narrower trade deficit in April, largely attributed to a decline in front-loaded imports ahead of anticipated tariffs.
Personal comments :
anxiously awaiting NF news today, there is pressure to weaken the dollar, NF figures that investors are worried about continue to be negative for DXY
SET UP GOLD PRICE:
SELL GOLD zone : 3449- 3451 SL 3456
TP1: $3436
TP2: $3420
TP3: $3405
BUY GOLD zone: $3303- $3301 SL $3296
TP1: $3320
TP2: $3330
TP3: $3340
Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
XAUUSD: Gold Crossed $3400 For The First, What Next? Gold has crossed the 3400$ region for the first time after a period of consolidation and correction. We are now on the verge of crossing $3450 and potentially touching $3550, which would set a new record for gold. With accurate risk management, you can monitor three potential targets. You can take entry on these ideas based on your own bias.
Good luck and trade safely. If you like our idea, please like, comment, and share.
Team Setupsfx_
Gold hits 3400 againTechnically, gold seems to be fluctuating upward for the time being, and there is no room for a unilateral surge. However, this week's slow rise shows that gold is still in an absolute bullish trend. Therefore, no matter how it adjusts, the decline is an opportunity for bulls to enter the market. Gold should first remain in the range of 3332-3392 to see an increase. If it rises and breaks through 3400, the upper side will be 3440-3500. If it falls back and breaks through 3330, the lower side will be 3280. After the rise in the first three days, gold has remained above the Bollinger middle track of the daily cycle, but the Bollinger track has not opened. If we see another wave of rise on Thursday, we will see the high point of 3405. Don't be overly bullish. The rise depends on whether the daily cycle can form a unilateral moving average rising trend. The support below the moving average is near 3355. If it falls back to this point and continues to rise, breaking 3405, then the unilateral surge in the market will come. It can be clearly seen in the 4-hour chart that the Bollinger Bands are closed and the moving averages have not diverged. The current oscillating upward trend is quite obvious. It oscillates first and then moves upward. This is why I emphasize that you should not chase highs below 3400. So, today's high point is the upper rail 3405, and the lower support is near the Bollinger middle rail 3355. Even if you are bullish today, you have to wait for a decline to adjust to around 3355 to go long. If the high point 3405 is not broken, you can consider trying to go short.
Gold operation strategy: It is recommended to go short near 3405, stop loss 3415, target 3380-3360; it is recommended to go long near 3360, stop loss 3350, target 3380-3390;
Can Gold Reach $3400 This Week?📊 Market Overview:
On June 4, 2025, gold prices (XAU/USD) hovered around $3,370/oz after rebounding from the $3,333 level. However, selling pressure emerged as prices approached the strong resistance zone near $3,392–$3,400. Ongoing uncertainties regarding U.S.–China trade policies and expectations of a Federal Reserve rate cut continue to support safe-haven demand for gold.
📉 Technical Analysis:
• Key Resistance: $3,392 – $3,400
• Nearest Support: $3,333 – $3,320
• EMA 09: Price is currently above the 09 EMA, indicating a short-term uptrend.
• Candlestick Patterns / Volume / Momentum: The RSI on the H1 timeframe is at 59, suggesting bullish momentum remains but is approaching overbought territory.
📌 Outlook:
Gold may experience a short-term pullback if it fails to break above the $3,400 resistance level and profit-taking intensifies.
💡 Suggested Trading Strategy:
SELL XAU/USD at: $3,392 – $3,400
o 🎯 TP: $3,372
o ❌ SL: $3,410
BUY XAU/USD at: $3,320 – $3,333
o 🎯 TP: $3,352
o ❌ SL: $3,310
Gold Bearish BAT Pattern?As shown in the chart, Bearish BAT pattern formed
Also in the smaller timeframe, AB=CD formed
I would suggest that you wait for the closing of the H4 Candle first.
I am looking for a liquidity sweep here in the smaller time frames to enter
for more info, slide to my DM's
#GoodLuck
Possible Reverse Head and Shoulders?👁️🗨️ The strong uptrend yesterday, followed by the downtrend during the Asian session, has built a possible inverse head and shoulders pattern (30 min chart) 🤷🏼♂️.
⏫ If an uptrend follows today, the pattern will be complete.
The right shoulder began around $3287, which isn't far from the current price.
👀 Keep an eye on this, as it could drop lower while still keeping the structure intact.
⚡ What's very interesting is that the downward trendline (strong resistance) crosses the neckline support if the time window allows.
🙏 Possible target points:
TP 1: $3358
TP 2: $3382
What are your toughts about this? Please write it in the comments.
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This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊
Gold: Long Zone 3302-3337 After Daily OB Test?I'm anticipating the price to mitigate the daily order block. If the 50% or 78.6% Fibonacci levels hold and we see a reversal reaction from them, a long position could be considered in the 3302-3337 area after confirmation on a lower timeframe.
GOLD Intraday M30 Chart For 6 June 25As you can see that Market still is in strong range and we are still waiting for clear breakout
NFP main event of the day and remains watchable
If Market break 3335 successfully today then it will move towards 3310
above 3345-50 market remain slightly Bullish
Disclaimer: Forex is Risky
Gold Idea on Bullish trand Wait confirmation on Fibonacci retracement zone confluence with FVG to continue bullish
Chart Analysis Explanation 4hr time frameYou’ve drawn a descending trendline from previous highs that’s been broken recently. This suggests a potential shift from a downtrend to an uptrend, indicating bullish momentum.
Support Zone Identified:
You marked a horizontal support zone around 3,320–3,340 USD (approx.). Price has retested this support zone after the breakout, showing it is now acting as a new support.
Bullish Continuation Plan:
From the support zone, you’ve drawn a potential bullish move with higher highs and higher lows, indicating a bullish market structure.
The projected move targets a take profit (TP) level around 3,560 USD, marked on the chart. This aligns with a previous swing high or a key resistance level.
Entry Strategy:
Price has already broken above the downtrend line and is consolidating around the new support zone. This suggests a buy trade opportunity from the support zone aiming for the TP level.
Risk Management:
Although you didn’t mark a stop-loss level explicitly, traders would normally place it below the support zone, maybe around 3,280 USD, to manage risk in case the breakout fails.
Summary in English:
You analyzed the 4-hour Gold chart and identified a descending trendline that has been broken, signaling a potential shift to an uptrend. The price has retested a key horizontal support zone around 3,320–3,340 USD. From this support zone, you expect the price to move upward in a series of higher highs and higher lows, eventually reaching the take profit zone around 3,560 USD. This analysis suggests a buy trade setup from the support zone with a target at 3,560 USD.
Simple Explanation:
A downtrend line was broken, showing bullish strength.
Price is now retesting the new support zone.
A bullish move is expected from this support zone, aiming for a higher target.
The trade idea is to buy from support and take profit at the higher target.
BUY IDEAThe reason for the entry was a shift occur in 1H in Tuesday and it left a liquidity where in Thursday we see in 4H the price failed to make new higher high so the price come to grab liquidity and it goin to make a new HIgher high.
