Gold (XAU/USD) – Technical Outlook (1H Timeframe)
Published: June 4, 2025
Price is currently trading around the 3365 zone after a period of consolidation near a key ascending trendline. The market structure suggests potential bearish pressure building up as repeated rejections have occurred near this zone.
A break below the trendline may indicate a shift in short-term momentum. If such a move materializes, the price could move toward lower levels of interest.
🔍 Key Technical Levels:
Observation Zone: 3365
Potential Support Areas:
3314
3260
Invalidation Level: Above 3392 (where the current structure may be considered invalid)
This view is based on technical chart analysis and is shared for educational and analytical purposes. Always consider your risk tolerance and trading plan before making any decisions.
Published: June 4, 2025
Price is currently trading around the 3365 zone after a period of consolidation near a key ascending trendline. The market structure suggests potential bearish pressure building up as repeated rejections have occurred near this zone.
A break below the trendline may indicate a shift in short-term momentum. If such a move materializes, the price could move toward lower levels of interest.
🔍 Key Technical Levels:
Observation Zone: 3365
Potential Support Areas:
3314
3260
Invalidation Level: Above 3392 (where the current structure may be considered invalid)
This view is based on technical chart analysis and is shared for educational and analytical purposes. Always consider your risk tolerance and trading plan before making any decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.