Hellena | Oil (4H): SHORT to support area of 58.00.Colleagues, the previous forecast did not meet expectations for too long, and the price has been in a prolonged sideways movement.
In this regard, I decided to slightly revise the waves and make a new forecast.
At the moment, I believe that the price will resume its downward movement in the medium-term wave “3.” The complex configuration of the correction makes it difficult to fully understand whether it is a combined correction or a five-wave movement.
In either case, I expect the price to reach the support area of 58.00.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Commodities
XAUUSD_10M_BuyAnas Gold Analysis
Elliott Wave Analysis Style
Short-term Time Frame and Scalping
Position Type from Buy to Sell
Main and Important Support Level $3355
Given the completion of 5 downwaves and the formation of the corner pattern, by maintaining the main support and breaking the pattern upwards, it can enter the upwave and move towards $3376 and $3382
If the announced resistance is crossed, the rise towards $3404 and $3414 will continue.
XAUUSD - Will Gold Hold $3,300?!Gold is trading above the EMA200 and EMA50 on the 1-hour timeframe and is trading in its ascending channel. If gold corrects towards the two demand areas, it can be bought with a risk-adjusted reward.
Following a tense market open yesterday, driven by escalating military tensions between Russia and Ukraine, the two sides concluded their negotiations in Istanbul. According to an Axios correspondent, Russia presented Ukraine with a formal peace proposal during the talks, outlining terms for a ceasefire and an end to the conflict.
Interfax reported that Russia issued an official memorandum listing its proposed conditions for achieving a ceasefire.
Key points in the document include:
• A full withdrawal of Ukrainian military forces from territories currently under Russian control, including Donetsk, Luhansk, Zaporizhzhia, and Kherson.
• The complete removal of all existing economic sanctions and a mutual agreement to refrain from introducing new sanctions.
• A proposal to reestablish economic relations, including the resumption of natural gas transit through Ukraine.
• A demand for Ukraine to reduce its military personnel and weaponry, along with explicit guarantees of its non-nuclear status and a strict ban on deploying any nuclear arms on its territory.
• The memorandum also calls for the termination of general military mobilization in Ukraine and the initiation of a demobilization process as part of the path toward a ceasefire.
On the other side, Ukrainian President Volodymyr Zelensky announced that Kyiv and Moscow have agreed to a prisoner exchange involving 1,000 soldiers from each side. This exchange includes an additional 200 individuals per side compared to previous agreements. Zelensky described the deal as “another step in the right direction,” and noted that the lists of detainees would be exchanged between the countries later this week.
In U.S. economic news, the latest update from the Atlanta Federal Reserve’s GDPNow model forecasts a 4.6% annualized growth rate for real GDP in the second quarter of 2025. This is an upward revision from the previous estimate of 3.8% released on May 30. The revision followed new data releases from the U.S. Census Bureau and the ISM. In particular, personal consumption growth was raised from 3.3% to 4.0%, while private domestic investment was adjusted from –1.4% to +0.5%.
On the trade front, according to a draft letter obtained by Reuters, the Trump administration has urged participating countries to submit their best trade proposals by Wednesday. The goal is to accelerate talks with multiple partners ahead of a five-week deadline.
This draft, issued by the Office of the United States Trade Representative, provides a glimpse into how President Trump plans to wrap up complex trade negotiations with dozens of nations. These negotiations began on April 9, when he temporarily suspended his “Freedom Day” tariffs for 90 days—until July 8—following turmoil across equity, bond, and currency markets in response to the broad scope of the tariffs.
According to the draft, the U.S. is asking countries to submit top-tier offers across key areas, including tariff and quota proposals for importing American industrial and agricultural products, as well as plans to remove non-tariff barriers.
Stuart Jenkins from Goldman Sachs stated that elevated tariffs on steel and aluminum have likely contributed to a weakening of the U.S. dollar. On Friday, President Trump announced that these tariffs would double starting Wednesday, reaching 50%. Although metals represent a relatively small portion of U.S. imports and the broader impact may be limited, Jenkins noted that this move illustrates the administration’s continued ability to impose tariffs, even in the face of potential legal challenges.
XAUUSD – Poised for a Major Breakout After ConsolidationOn the monthly chart, XAUUSD is forming an Inside Bar pattern, signaling that the market is compressing ahead of a potential strong move. May’s candle remains within April’s range – a classic setup that often precedes a decisive breakout.
On the H4 timeframe, gold has attempted to break above recent highs multiple times but failed, forming a series of lower highs, indicating a corrective structure. However, the recent rebound from May’s low suggests potential accumulation is underway.
Currently, price is hovering around a neutral zone. A clear break above the 3,400 level could spark a fast move toward the 3,500–3,600 range. Conversely, a drop below 3,120 would open the door for a deeper pullback toward 3,000.
From a macro perspective, long-term fundamentals continue to support the bullish case for gold, driven by dovish central bank policies, geopolitical risks, and concerns about USD debasement. Still, a confirmed technical breakout is needed to establish direction in the near term.
Strategy Summary
Buy zone to watch: 3,307 – 3,320
Bullish trigger: Holding above 3,300
Target: 3,435
Risks: False breakouts or failure to hold above the breakout zone
Evening gold analysis and trading point layout📰 Impact of news:
1. Fed's Goolsbee: Despite the unresolved tariff issue, it is still believed that interest rates are expected to fall in the next 12 to 18 months
2. May PMI data is positive
3. Russian media: Russia lists the full withdrawal of Ukrainian troops from Russian territory as one of the ceasefire options
📈 Market analysis:
Judging from the 4H chart, gold is currently fluctuating around the 3370 line, and the bulls are still relatively strong. We should pay attention to the short-term support at 3365-3355 below, and the short-term suppression at 3385-3395 above. If it breaks through the upper suppression, we will pay attention to the 3400 line suppression position. The recent market fluctuations have been relatively large, so bros must set take-profit and stop-loss when trading independently!
🏅 Trading strategies:
BUY 3365-3355
TP 3370-3380-3400
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.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
Slowing Global Economy and Output Hikes Weigh on Brent OilBrent crude oil is holding steady around the $60 level, even after OPEC announced another 411,000 barrels per day increase in output, following similar hikes in May, June and smaller one in April. This latest adjustment comes at a time when global economic slowdown concerns are rising, making the decision a risky one. Although the main reason points to non-compliance from Kazakhstan and Iraq, some believe the United States may have played a role, possibly through pressure from Trump aimed at controlling inflation during the ongoing tariff hikes.
With several consecutive production increases now in place, a growing surplus is likely to develop over the second half of 2025. This would maintain downward pressure on oil prices if demand fails to keep pace. At the same time, the broader economic outlook is weakening. Recent manufacturing activity data from China, the United States, the European Union, and the United Kingdom all came in below 50, suggesting a faster rate of contraction. The presence of widespread tariffs is expected to continue weighing on business sentiment and consumer demand, potentially leading to rising unemployment and slowing growth.
In this environment, any short-term spikes in Brent and WTI prices are likely to remain opportunities to sell, unless there is a meaningful shift in underlying fundamentals. For a more detailed view of economic trends, please refer to the latest monthly report.
Brent crude has been in a steady downtrend since March of last year. While the price movement doesn't follow a perfect trend channel, the structure has generally held well. At the moment, Brent is hovering near the middle of this declining channel.
The former long-term support zone around $70 to $72. If prices move up toward this zone, it could present a fresh selling opportunity as long as the resistance holds. On the downside, the $60 level and the area just below it have formed a solid medium-term support, which has held up so far.
Still, oil bulls should be cautious around the $60 mark. Even though support looks strong for now, the overall direction of the trend and the broader fundamental backdrop suggest that this level could eventually break. Any long positions taken near current levels should factor in the potential for renewed downside pressure.
XAUUSD/Gold on 3rd May 2025As yesterday I posted that golds is in major uptrend and it is still active. On daily timeframe gold made breakout upward direction of channel and 3382. As I said gold made gap wile opening on Monday so it was strongly bullish, now we want it to fill the gap. And did it is first rejection and coming down. No gold is trading at 3360-65 range, and it is support, soon if it get's break toward downward then price can surge to 3323-3330. Waiting for confirmation and then execute trade.
Key point.
Support - 3364, 3330, 3313
Resistance - 3386, 3400, 3414
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GOLD H1 Intraday Chart For 3 June 2025Hello Traders,
GOLD is in mid term Bullish Trend for now as we already captured nice pips yesterday with directional sequence
but now all eyes on 3400 Psychological Level Breakout once it will break market will move towards 3430
for market in is consolidation zone between 3340-60 and expected to move back towards 3380 or even 90
if market breaks 3330 successfully today then it will move towards 3330 Psychological Level
Disclaimer: Forex is Risky
Trade Idea: Long XAUUSD (BUY STOP)
Bias: Long
Order Type: Buy Stop
Entry: 3392.60 (above current swing high & clean momentum continuation)
Stop Loss: 3379.00 (below local support & M15 20/50 SMA)
Take Profit: 3430.00
Risk-Reward: ~2.7R
⸻
📈 Multi-Timeframe Breakdown:
H4:
• Structure remains bullish.
• Price is breaking out of a range with a clean reclaim of both SMAs.
• Momentum increasing, MACD histogram turning up, signaling trend continuation.
M15:
• Strong impulsive rally from ~3290s to ~3390.
• Higher highs and higher lows cleanly respected.
• Price consolidating at the highs—ideal for breakout continuation setups.
M3:
• Momentum is persistent with shallow pullbacks.
• Small flag forming near 3390 = ideal for a stop entry just above.
• RSI cooling off but still in bullish structure—no divergence yet.
⸻
🧠 Trade Logic:
This is a momentum continuation play after a clean intraday impulse. The market has shown strong upside commitment across all timeframes and is now pausing in a flag/pennant above the breakout zone. A buy stop avoids chasing and only gets triggered if the market confirms with new demand.
⸻
🛡️ Risk Management & Execution:
• Invalidation Window (SL-to-BE Zone):
Move SL to breakeven once price closes above 3401 on M3 with bullish structure.
→ This marks a clear micro higher high and exit from the current consolidation range.
• SL Placement Justification:
3379 is just below the M15 demand zone and SMA confluence—if price breaks below, momentum has failed.
• Entry Execution:
If the flag structure gets invalidated before entry (e.g., price dips sharply), cancel the buy stop.
FUSIONMARKETS:XAUUSD
GOLD surges to hit $3,371 target, continues to aim for $3,400OANDA:XAUUSD rose nearly 3% as US President Trump's tariff threats ratcheted up trade tensions, spurring investor demand for safe-haven assets and sending the dollar sharply lower.
US President Trump said on Friday he would raise tariffs on steel and aluminium imports from the US to 50% from the current 25% starting June 4. This has once again disrupted international trade, Reuters reported.
A European Commission spokesperson expressed deep regret over the US announcement that it would raise tariffs and said the EU was ready to take countermeasures.
Gold prices surged on Monday to a more than four-week high and continued to rise early this morning (Tuesday, June 3) as geopolitical risks from the conflict between Russia and Ukraine escalated as US President Donald Trump continued to threaten tariffs. Trump doubled tariffs on steel and aluminum imports to 50%, effective June 4, adding to jitters in global markets.
Ukraine launched its biggest drone attack since the war against Ukraine on Sunday, targeting a wide swath of Russian air bases on the eve of a second round of direct talks between the two countries. The drones, hidden in trucks, penetrated deep into Russia and hit strategic airfields as far away as eastern Siberia. At the same time, Moscow launched one of its longest drone and missile strikes on Kiev.
In key US data on Monday, the ISM Manufacturing Purchasing Managers’ Index (PMI) for May showed a contraction in business activity. The ISM Manufacturing Purchasing Managers’ Index for May came in at 48.5, down from 48.7 in April, the lowest reading since November.
Investors will also be closely watching comments from Federal Reserve policymakers this week for clues on the path of U.S. interest rates. Gold tends to benefit in low-interest-rate environments and times of geopolitical tension.
Technical Outlook Analysis OANDA:XAUUSD
After reaching the target increase at 3,371 USD, gold temporarily decreased slightly but overall it has enough conditions to continue to increase in price towards the next target at 3,400 USD in the coming time.
In the short term, gold also formed an upward price channel, which is noted by the price channel, describing the short-term technical trend. Meanwhile, in terms of momentum, RSI is operating above 50, still quite far from the overbought area, showing that there is still a lot of room for growth ahead.
For the day, the main outlook for gold is bullish, any pullbacks that fail to break below the confluence of the EMA21 with the 0.382% Fibonacci retracement should be considered only as a short-term correction, or a fresh buying opportunity.
Finally, the short-term bullish trend for gold will be focused again on the following positions.
Support: 3,326 – 3,300 – 3,292 USD
Resistance: 3,371 – 3,400 – 3,435 USD
SELL XAUUSD PRICE 3412 - 3410⚡️
↠↠ Stop Loss 3416
→Take Profit 1 3404
↨
→Take Profit 2 3398
BUY XAUUSD PRICE 3324 - 3326⚡️
↠↠ Stop Loss 3320
→Take Profit 1 3332
↨
→Take Profit 2 3338
Natural Gas Roaring & SoaringNat gas had an epi +8% rally today.
The question is do the bull have more gas left in the tank or do the bears start to take over and press price lower?
We had news across the energy sector that spiked most energy assets.
Typically news based pops of this nature don't last.
If we get back above 3.84/3.85 then there might be a convincing opportunity to press this long
As of now i still lean bearish but holding no Nat Gas position.
Gold (XAU/USD) Bullish Breakout Analysis – 30-Minute Chart. This chart shows a bullish breakout in Gold Spot (XAU/USD) on the 30-minute timeframe. After breaking above key resistance levels around the 3,325.000 zone, price action has shown strong upward momentum. The chart suggests a potential short-term pullback (as illustrated by the blue retracement path) followed by a continuation toward the projected target zone near 3,400.000. Multiple support zones (highlighted in green) now provide a solid base for potential buying opportunities. This setup, marked by volume confirmation and structure breakout, aligns with a bullish market sentiment.
Gold is Setting up for a Move! Could it be a big one?Looking for price to set up for a solid move. One thing is for sure we are waiting for the killzones before taking any action. The price action the last few days has been giving fake outs just before we roll into the killzone. Be patient. Wait for things to line up.
Gold H4 | Approaching a swing-high resistanceGold (XAU/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 3,431.43 which is a swing-high resistance.
Stop loss is at 3,530.00 which is a level that sits above the 127.2% Fibonacci extension and a swing-high resistance.
Take profit is at 3,324.07 which is a pullback support.
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Weekly Market Forecast: Monday UPDATES!How accurate were the forecasts for S&P 500, NASDAQ, DOW JONES, Gold and Silver futures given in the Weekly Market Forecast for this week?
BULLSEYE!
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XAUUSD – Bearish Rejection from 4H Resistance | Trendline RetestGold (XAUUSD) is currently reacting to a well-respected 4H resistance zone. After a bullish push, the price is showing signs of rejection, suggesting a potential pullback toward the trendline support.
📌 Trade Idea:
Bias: Short-term bearish
Entry Zone: Near current resistance area
TP1: Minor support zone
TP2: Ascending trendline (watch for reaction)
SL: Above the resistance zone (invalidate on bullish breakout)
🧠 Confluences:
Strong historical 4H resistance
Clear market structure with higher lows
Trendline acting as dynamic support
Bearish reaction expected before continuation
⚠️ If price breaks and holds above resistance, this bearish idea becomes invalid. In that case, look for bullish continuation.
SPY/QQQ Plan Your Trade For 6-2 : Post Market UpdateHuge move for metals today. Absolutely incredible.
Hope you GOT SOME.
BTCUSD and the SPY/QQQ stalled somewhat flat today. SPY was up 0.50% - nothing huge.
Going to be interesting to see how things play out in the Asian/European markets tonight.
Buckle up. Could be some very big moves hitting this week.
GET SOME.
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XAUUSD Daily Outlook — Monday, June 2, 2025“Compression in Premium: Is Gold Building for the Drop?”
👋 traders — let’s prepare the battlefield.
Gold continues to range inside a tight compression box just under the May High. The current daily structure is showing clear signs of distribution inside premium, with multiple failed attempts to break higher. Each upside wick has been absorbed near 3328–3350, and price is now hovering just above key support near EMA50 + PNL (3228–3232).
This setup is classic: lower highs + equal lows + trapped liquidity = imminent breakout. We now anticipate either a clean breakdown below support, or one final inducement wick before the move begins.
🔹 Daily Structure Breakdown
Structure Element Status
Market Bias 📉 Bearish short-term (distribution signs)
Trend Sideways in premium, LH forming
Current Price ~3289 USD
April ATH 3500 (untouched since)
Last CHoCH/BOS BOS confirmed early May → bullish, but no follow-through
Current Setup Range-bound inside lower high, testing OB support
🔹 Refined Daily Zones
📍 Zone Type Key Levels What to Watch
🔺 Rejection Zone #1 3328 – 3342 Daily supply + previous bearish wick zone. Watch for rejection or inducement spike.
🔹 Key Support Zone 3232 – 3228 PNL + EMA50 cluster. Critical line — a clean break opens downside continuation.
🔹 Demand Block 3190 – 3180 Micro OB from May low. If support fails, this is the next magnet.
🔻 Breakdown Target 3044 Unfilled imbalance + clean demand zone from April breakout leg.
🔹 EMA & Momentum Check
✅ EMA 5/21/50: Still aligned bullish
⚠️ Price is sitting on top of EMA50 → breakdown threat if today's candle closes below 3228
RSI likely showing divergence — lower highs in price, weakening momentum
🔹 Daily Bias & Scenarios
📉 Bearish Bias below 3328
✅ Compression inside premium = expect breakout
🎯 Target 1: 3190 | 🎯 Target 2: 3044
❗ Bullish continuation only valid above 3342 with strong PA
🧠 Strategy Plan for Monday:
Sell Setup:
If price retests 3328–3342 early → watch for rejection → short toward 3190
Breakdown Setup:
Clean close below 3228 → open short continuation toward 3180
Buy Setup:
Only valid on deep retracement into 3180 with strong rejection + M15 structure shift
OR bullish breakout and hold above 3342 → target retest of May high
💬 Final Thoughts from GoldFxMinds:
Gold is compressing just below premium rejection — exactly where smart money distribution begins. This is not the moment to long blindly. Let the market show its hand — either break support, or spike into one final trap before dropping.
Trade with structure. Not emotion.
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💬 Drop a LIKE if you’re prepared to let the trap trigger before you react
👇 Comment below: Will gold hold 3228 or flush into 3190 this week?
Let’s start June with clarity and control.
— GoldFxMinds
GOLD Eiffel Tower M pattern now completeI have been posting gold charts since February 2024. Both Bullish and GTFO charts. See below.
This current setup has presented a great risk-reward setup.
1. GTFO still remains firmly in place.
2. The lower high M pattern could be setting up for a corrective bull flag for more upside.
If the Eiffel Tower plays out. You will not be involved.
If the corrective pattern plays out, you will have a clear, solid buy signal.
Click Boost, Follow and Subscribe for more updated data and info. Let's get to 5,000! ;))
XAUUSD 8H: This isn’t balance — it’s broadening distributionAt first glance, it may seem like gold is consolidating. In reality, price is unfolding inside a broadening formation — a structure where highs stretch higher, lows drop deeper, and real direction vanishes behind controlled volatility. This isn’t random noise. It’s Smart Money engineering a distribution phase under the cover of market indecision. And right now, the direction is forming clearly — downward.
The key moment was the failed breakout above 3357 on May 24. Volume spiked 19% above average, but the candle body collapsed. That’s a textbook deviation — a classic liquidity grab. The next candle confirmed the failure by closing back below the level, and no bullish recovery followed. Instead, price printed a lower high around 3305–3315, failing to retest the top. And when price can’t go higher — it usually goes lower.
Confirmation comes from the Anchored VWAP from May 13, which was broken cleanly and never retested. That’s a major shift in control — from buyer to seller. Now price trades below VWAP, with every bullish candle fading and every bearish reaction gaining strength. This is not trend continuation. This is exhaustion.
Volume profile shows the Point of Control between 3297 and 3301 — and price sits well below it. The bulk of liquidity is now overhead. That zone between 3305–3315 is where Smart Money already sold once — and if price returns there, it becomes an ideal re-entry short zone, especially if followed by rejection candles or low-volume pushups.
Targets are clean:
→ 3228 — first liquidity shelf.
→ 3164 — former impulse base.
→ 3084 — if breakdown accelerates.
Everything lines up: deviation, failed breakout, VWAP lost, volume fading, lower highs forming. This isn’t a pause. This is a phase transition — and the market already voted.
The latest gold trend analysis strategy on June 2
Core influencing factors
Dollar trend: The rebound of the US dollar index suppresses gold prices, but if the PCE data is lower than expected, the US dollar may fall back and provide support for gold.
Fed policy expectations: The market's expectations of interest rate cuts this year (currently priced at about 2 times) may limit the downward space of gold prices, but we need to be wary of hawkish rhetoric disturbances.
Risk aversion: Trade situation and geopolitical uncertainty may intermittently boost gold demand.
Technical key positions: $3300-3310 is a strong resistance zone, and $3260-3250 is short-term support.
Market outlook
Bearish signal:
The daily level failed to stand firm at the 3300 mark, and the 1-hour moving average turned downward, with short-term momentum biased to the bearish side.
If the US dollar continues to rebound or the PCE data is stronger than expected, the gold price may fall to the 3260-3250 support range.
Bullish signal:
If PCE data is weak or risk aversion heats up, gold prices may test the 3300-3315 resistance zone again.
Under the wide range of fluctuations at the monthly level, the buying support below 3260 may be strong.
Operation strategy
Short-term trading:
Short-term opportunity: When the rebound to the 3305-3315 range is under pressure, short with a light position, stop loss above 3320, target 3280-3265.
Long order opportunities: If it pulls back to the 3260-3250 area and stabilizes (such as the K-line shrinks or a hammer line appears), you can try long orders with a stop loss of 3240 and a target of 3280-3300.
Mid-term layout:
If it effectively falls below 3250 at the beginning of next week, it may open up the downward space to 3220-3200; on the contrary, if it stands firm at 3315, it will look up to 3340-3360.
Risk warning:
Market volatility may increase after Friday's PCE data, so be alert to rapid reversals.
Avoid chasing ups and downs, and pay attention to changes in volume near key positions.
Key points
Resistance: 3305-3315 (strong if broken), 3340 (previous high)
Support: 3280 (intraday), 3260-3250 (strong and weak boundary), 3220 (medium term)
Summary: Gold is short-term technically bearish, but fundamental support is still there. It is recommended to treat it with a volatile mindset, focus on the breakthrough direction of the 3300-3260 range, and be cautious in holding positions before and after the data.