MACRO CONTEXT – GEOPOLITICAL TENSIONS & DOLLAR FATIGUE SUPPORT GOLD
US-China trade friction is heating up, and ongoing tax negotiations with the EU have stalled. Investors are growing wary of prolonged policy uncertainties.
The US Dollar Index (DXY) has pulled back from recent highs, with market expectations cooling on aggressive Fed policy.
Gold is regaining safe-haven status amid rising geopolitical noise and weakening risk appetite early in June.
📉 TECHNICAL OUTLOOK – STRUCTURE FLIP & RETEST POTENTIAL
A clear breakout above the descending trendline and multiple moving averages (EMA 13–34–89–200) confirms strong short-term bullish structure.
Institutional footprints likely evident from the Asian session impulse candle.
The next upside targets lie at 3,348 and 3,361, with high probability of a retest toward breakout zones.
🔑 KEY PRICE ZONES & STRATEGY
🟢 BUY ZONE ON RETEST:
Entry: 3,325 – 3,322
Stop-Loss: 3,317
Take-Profit: 3,330 → 3,340 → 3,348 → 3,361
🔴 SELL ZONE (OVEREXTENSION SCENARIO):
Entry: 3,361 – 3,364
Stop-Loss: 3,370
Take-Profit: 3,355 → 3,348 → 3,340 → 3,330
📌 STRATEGIC NOTES
As long as 3,322 holds as support, buyers remain in control.
A clean retest of this zone may present a prime long opportunity.
Failure to hold may lead to a drop toward the EMA confluence between 3,301 – 3,294, where buyers could reload.
✅ Conclusion: Gold has flipped bullish with a convincing breakout. Traders should favor buy-the-dip setups while monitoring resistance at 3,348 – 3,361 for potential profit-taking or short-term reversals.
US-China trade friction is heating up, and ongoing tax negotiations with the EU have stalled. Investors are growing wary of prolonged policy uncertainties.
The US Dollar Index (DXY) has pulled back from recent highs, with market expectations cooling on aggressive Fed policy.
Gold is regaining safe-haven status amid rising geopolitical noise and weakening risk appetite early in June.
📉 TECHNICAL OUTLOOK – STRUCTURE FLIP & RETEST POTENTIAL
A clear breakout above the descending trendline and multiple moving averages (EMA 13–34–89–200) confirms strong short-term bullish structure.
Institutional footprints likely evident from the Asian session impulse candle.
The next upside targets lie at 3,348 and 3,361, with high probability of a retest toward breakout zones.
🔑 KEY PRICE ZONES & STRATEGY
🟢 BUY ZONE ON RETEST:
Entry: 3,325 – 3,322
Stop-Loss: 3,317
Take-Profit: 3,330 → 3,340 → 3,348 → 3,361
🔴 SELL ZONE (OVEREXTENSION SCENARIO):
Entry: 3,361 – 3,364
Stop-Loss: 3,370
Take-Profit: 3,355 → 3,348 → 3,340 → 3,330
📌 STRATEGIC NOTES
As long as 3,322 holds as support, buyers remain in control.
A clean retest of this zone may present a prime long opportunity.
Failure to hold may lead to a drop toward the EMA confluence between 3,301 – 3,294, where buyers could reload.
✅ Conclusion: Gold has flipped bullish with a convincing breakout. Traders should favor buy-the-dip setups while monitoring resistance at 3,348 – 3,361 for potential profit-taking or short-term reversals.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
Related publications
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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
Related publications
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.