Gold
Gold on Watch: Rebound or Just Another Dip?Hey traders, let’s take a closer look at what’s happening with gold this week.
After multiple failed attempts to break above the 3,385 USD resistance, XAUUSD has continued to retreat, searching for fresh momentum. As the new week begins, price action is hovering around the psychological 3,330 USD level, with no clear signs of a bottom yet.
At the moment, gold remains under pressure, weighed down by the U.S. dollar’s strength in global markets. Still, weekly sentiment among analysts is split: 7 are bullish, 6 are bearish, and 1 expects prices to hold steady.
Retail traders, however, seem more optimistic. In a recent online poll of 256 participants, 66% predicted gold would rise, 15% saw a drop, and the rest expected sideways movement.
All eyes are now on upcoming economic news that could tip the scales. Personally, I'm leaning toward a recovery — how about you?
XAUUSD H4 I Bearish ReversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 3327.70, which is a pullback resistance aligning with a 38.2% Fibo retracement.
Our take profit will be at 3286.88, a pullback support level.
The stop loss will be placed at 13363.76, an overlap resistance.
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GOLD → Correction to 3275FX:XAUUSD and medium-term outlook: Friday's strong unemployment data strengthened the dollar and triggered a sell-off in gold. Money is temporarily flowing out of the metal and into currencies and the stock market...
Technically, gold is still in a bullish phase on the global timeframe. Logically, the situation is more reminiscent of a countertrend correction of the zone of interest before continuing growth.
Despite the rise in the DXY after Friday's news, the dollar is still under pressure from Trump, who is pushing for an early interest rate cut. This move could significantly shake the market (dollar down, gold up)
Locally, on the hourly XAUUSD timeframe, we can clearly see how the price is breaking out of the uptrend, thereby triggering a downward impulse.
Resistance levels: 3325, 3343
Support levels: 3303, 3275
The liquidity level of 3300 could act as a magnet for the price, from which a correction to the resistance of the range of 3325 could form (liquidity hunt), but due to the change in the fundamental background, gold may continue its correction to 3275 (support zone) before a possible continuation of growth.
Best regards, R. Linda!
GOLD Intraday Chart Update For 9 June 2025Good Morning Traders,
As you can see that market try to fill the previous week opening gap and in that situation we may wait for a while to fill the gap and buying zone is located at 3265-3285, once market gives us a bounce back it will may move back to 3330-3340 SBR Zone
however market try to sustain above 3300 Psychological Level but keep in mind US China Tariff Deal which is due in this week
also if market sustains below 3300 psychological level successfully then it will move towards 3245-55 zone and final destination maybe 3200 Psychological
Disclaimer: Forex is Risky
$META Short Swing - Fractal Repeat Play - Sub $600 Target@everyone 🔻 META Short Swing – Fractal Repeat Play 🔁
Entry Trigger: Week of June 10, 2025
Ticker: NASDAQ:META
Current Price: $697.71
Target Price: $593.66
Estimated Duration: ~3–4 weeks
Conviction: ★★★★★
🧠 Thesis:
This is a nearly perfect fractal repeat of META’s July 2024 top:
Identical weekly candle structure: topping wick into fib + supply zone
Weekly gap fill target lines up exactly again — same 15.5% drop
Wick gap fill = $593.66 (same confluence from 2024)
Bearish fib roadmap from 0.786 → 0.618 → 0.382
Volume and momentum exhausted on the run into $702
📉 Trade Plan:
Entry Range: $690–702 rejection zone
Stop Loss: Weekly close above $705
Primary Target: $593.66
This level completes the wick gap fill and matches 2024’s exact structure
Secondary Target (optional): $580.84 (full fib gap + demand retest)
🛠️ Options to Consider:
6/28 $650P or $640P – standard swing
7/5 $620P – for deeper move toward 0.382 and beyond
🔍 Setup Snapshot:
July 2024: -15.56% in 28 days
June 2025: Targeting -15.53% in 28 days
Same gap, same wick rejection, same fade roadmap
Strong Dollar, Shaky Gold: Is It Time to Buy?Gold has returned to a weaker stance, trading around $3,309 during the U.S. session. The U.S. dollar gained some positive momentum as markets leaned toward the possibility that the Federal Reserve will keep its policy unchanged in July following the May report, causing XAU/USD to drop lower into the weekend.
Additionally, U.S. economic data released on the same day continued to show signs of cooling. Specifically, weekly jobless claims came in higher than both the forecast and the previous week's figures, while the U.S. trade deficit narrowed significantly in May.
The index measuring the dollar's strength against a basket of six major currencies remained nearly unchanged. Meanwhile, the yield on 10-year U.S. Treasury bonds rose, and real yields climbed by 2 basis points, putting downward pressure on gold prices.
Nevertheless, gold still maintains its long-term uptrend. This correction is seen as a better buying opportunity.
Weekly Market Forecast: BUY Stock Indices & Oil! Sell Gold! In this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of June 9 - 13th.
Stock Indices are looking more bullish. Valid buys only!
Gold is weak. Sells only until there is a market structure shift upwards.
Oil prices have room to go higher. Buy it.
Silver is a wait and see. Should start to pull back this week, as it closed last week stronger than Gold.
CPI Wednesday. After the news is announced, the market should be very tradeable for the rest of the week.
Enjoy!
May profits be upon you.
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Gold Market Analysis: Short-Term Weakness, Long-Term OptimismAfter a significant drop on Friday, gold prices hit a low of **$3316** in the US market, indicating that the current market correction is likely to continue into next week.
### Current Market Dynamics
The short-term outlook for gold appears weaker, with the 4-hour cycle showing a decline and the daily cycle facing upward pressure. Despite this, the overall market remains within a broad trading range, mirroring the patterns observed in May.
The recent fall below the **$3330** support level is a key indicator. This point acted as a pivot between bullish and bearish sentiment, and its breach suggests that the short-term market has entered a period of weakness and volatility. However, the market hasn't fully shifted into a bearish trend. We can expect a continued downward fluctuation, but the extent of this drop should be limited, making a sharp decline unlikely.
### Trading Strategy for the Coming Week
Given these dynamics, a "short-term selling and long-term buying" strategy is recommended.
* **Short-term operations** may involve selling, but this should be approached cautiously.
* From a broader perspective, **buying remains the primary strategy**.
Looking ahead to next week, we anticipate the market will fluctuate and find a bottom around **$3300**. Once this support level stabilizes, a new upward trend is expected to begin.
**Key price levels to watch:**
* **Short-term resistance:** $3340
* **Lower support:** $3300
Flexibility in your trading arrangements will be crucial to capitalize on upcoming market opportunities.
XAUUSD: Weekly overview 9th of JuneHello Traders!
Zone of 3352.0 is only available for long if you consider the middle of the bullish channel, is considerable midline.
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The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
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Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
GOLD 4HLocal range near top of broader sideways (gray lines = local range).
Seller broke down from it.
Price now in buyer zone — possible buyer reaction. Just below: a gap.
Seller targets: 3271, 3245.
Conservative shorts: watch for buyer activity + seller defending local range breakout (3333).
Note: buyer initiative still active on daily TF (!).
For longs, better to wait near 3245–3271 and look for bullish patterns.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
XAUUSD - $3,260 Support Level to Determine Next Directional MoveLooking at this Gold 4-hour chart, the precious metal is approaching a critical inflection point as it tests the key support zone around $3,260, which represents a confluence of previous swing lows and represents the lower boundary of the recent consolidation range. Two distinct scenarios emerge from this technical setup: first, gold could find buyers at this support level and stage a bounce back toward the $3,400 resistance area, particularly if broader market conditions favor safe-haven assets or if dollar weakness provides additional tailwinds for the metal. Alternatively, a decisive break below the $3,260 support could trigger further selling pressure and open the door for a deeper correction toward the $3,180-$3,160 zone, especially if risk appetite improves or if stronger economic data reduces demand for defensive assets. The outcome will largely depend on how price action unfolds at this crucial support level, with volume and momentum providing key clues about which scenario is more likely to play out in the near term.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAUUSD Support & Resistance Levels🚀 Here are some key zones I've identified on the H4/H1 timeframe.
These zones are based on real-time data analysis performed by a custom software I personally developed.
The tool is designed to scan the market continuously and highlight potential areas of interest based on price action behavior and volume dynamics.
Your feedback is welcome!
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)
GOLD MARKET ANALYSIS AND COMMENTARY - [Jun 09 - Jun 13]OANDA:XAUUSD fell more than 1% on Friday (June 6) due to the unexpected US non-farm payrolls data for May. Spot gold closed at $3,309.84/oz, up 0.8% on the week.
Although gold failed to break above the $3,400/oz resistance and may fluctuate in the $3,300-$3,400/oz range in the short term, the market's resilience and long-term uptrend remain solid.
Meanwhile, silver and platinum outperformed, hitting 13-year and 3-year highs, respectively, on investment demand and expectations of supply shortages.
Gold prices rose significantly on Monday last week and hovered at highs ahead of the release of non-farm payrolls data from Tuesday to Friday, reaching $3,403.48 an ounce on Thursday.
The latest data showed that the US added 139,000 non-farm payrolls in May, beating market expectations of 130,000, the unemployment rate held steady at 4.2% and wage growth beat expectations.
This reduced the likelihood of the Federal Reserve cutting interest rates in the near future, pushing the US dollar and US bond yields higher and putting pressure on gold prices.
OANDA:XAUUSD received initial support above 3,300 USD/ounce, indicating that the market still has buying support, but the resistance level of 3,400 USD/ounce is difficult to overcome in the short term and 3,200 USD/ounce is the main support level, more detailed technical analysis will be sent to readers in the following part of the article. However, since the raw price points are still related to fundamental analysis, I personally think that the price declines can be seen as an opportunity for gold to hold at lower prices, the long-term uptrend is fundamentally unchanged and central bank gold buying and a weaker dollar will continue to support gold prices.
Despite the rise in risk assets such as stocks, gold has shown resilience. Central bank demand for diversified reserves and market risk appetite will continue to support gold prices, underscoring its appeal as a safe-haven asset.
Market Background and Outlook
The labor market is slowing steadily and the Federal Reserve is likely to continue to wait and see, with the likelihood of a near-term rate cut low. The May CPI data next Wednesday (June 11) will be in focus. If CPI rises, it will push the US Dollar higher and further depress gold prices. If CPI is weak, it could help push gold prices higher.
Geopolitical and trade factors: Trump's call with Xi Jinping on Thursday did not bring any clear progress on trade. If the tariff news worsens, this could boost demand for gold as a safe haven.
On the other hand, the outlook for the Middle East-US, Ukraine-Russia talks is also not getting any better, any negative signs on the geopolitical front next week will also boost gold prices to recover.
Economic data and events next week
Wednesday: US Consumer Price Index (CPI)
Thursday: US Producer Price Index (PPI), Weekly Jobless Claims
Friday: University of Michigan Consumer Sentiment Index
📌Gold prices fell sharply on Friday as it retested the $3,371 target level, which is the 0.236% Fibonacci retracement level, but failed to break it. The bearish momentum took gold towards an area where there are several important supports such as the $3,300 price point and the confluence of the 0.382% Fibonacci retracement level with the 21-day EMA.
Although gold has fallen, its current position still has enough conditions for bullish expectations in the near term. And in terms of momentum, the Relative Strength Index (RSI) is still above 50, and in this case, 50 is considered the nearest momentum support.
As long as gold remains in/above the price channel, its main long-term trend is still bullish, in the short term if gold remains above the base price of 3,300 USD, it still has an upside target at 3,371 USD followed by the base price of 3,400 USD.
Notable technical levels are listed below.
Support: 3,300 – 3,292USD
Resistance: 3,350 – 3,371 – 3,400USD
SELL XAUUSD PRICE 3345 - 3343⚡️
↠↠ Stop Loss 3449
BUY XAUUSD PRICE 3227 - 3229⚡️
↠↠ Stop Loss 3223
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
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3318 and a gap below at 3281. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3318
EMA5 CROSS AND LOCK ABOVE 3318 WILL OPEN THE FOLLOWING BULLISH TARGETS
3352
EMA5 CROSS AND LOCK ABOVE 3352 WILL OPEN THE FOLLOWING BULLISH TARGET
3388
EMA5 CROSS AND LOCK ABOVE 3388 WILL OPEN THE FOLLOWING BULLISH TARGET
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
BEARISH TARGETS
3281
EMA5 CROSS AND LOCK BELOW 3281 WILL OPEN THE FOLLOWING BEARISH TARGET
3254
EMA5 CROSS AND LOCK BELOW 3254 WILL OPEN THE FOLLOWING BEARISH TARGET
3210
EMA5 CROSS AND LOCK BELOW 3210 WILL OPEN THE SWING RANGE
3179
3146
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3376 and a gap below at 3302. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3376
EMA5 CROSS AND LOCK ABOVE 3376 WILL OPEN THE FOLLOWING BULLISH TARGETS
3438
EMA5 CROSS AND LOCK ABOVE 3438 WILL OPEN THE FOLLOWING BULLISH TARGET
3498
EMA5 CROSS AND LOCK ABOVE 3498 WILL OPEN THE FOLLOWING BULLISH TARGET
3551
BEARISH TARGETS
3302
EMA5 CROSS AND LOCK BELOW 3302 WILL OPEN THE FOLLOWING BEARISH TARGET
3235
EMA5 CROSS AND LOCK BELOW 3235 WILL OPEN THE SWING RANGE
3171
3113
EMA5 CROSS AND LOCK BELOW 3113 WILL OPEN THE SECONDARY SWING RANGE
3045
2987
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART ROUTE MAPHey Everyone,
Following up on our previous analysis, price action has continued to respect our Goldturn channel beautifully. After the strong move to 3272, we saw another push toward the channel top near 3433. However, just before completing the move, price was met with another sharp rejection, highlighting the strength of the range and the precision of our channel levels.
The key takeaway here is that 3272 is still providing solid support, and the price remains well contained within our defined range between 3272 and 3433. This reaffirms our strategy of buying dips near the lower end of the range rather than chasing strength near the top.
We remain focused on trading within this range, using our weighted Goldturns to guide entries on the lower timeframes (1H and 4H). As long as the structure holds, we’ll continue to target quick 30–40 pip intraday moves while positioning ourselves for a potential breakout scenario when the time is right.
This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake outs and real breakouts, cutting out much of the noise that usually confuses traders.
Keep an eye on how price behaves around 3272 and 3433. A clean break and close above the channel top would be significant but until then, range play remains our primary game plan.
Let’s stay patient and disciplined.
Mr Gold
GoldViewFX