Gold Trade Plan 09/06/2025Dear Traders.
📊 XAUUSD Technical Analysis | 1H Timeframe | June 9, 2025
Price has recently broken below the ascending trendline and filled a nearby gap, now retracing back toward the broken structure zone. Two key scenarios are in play:
🔹 Alternative 1: A rejection from the broken resistance area could trigger a bearish continuation toward the demand zone around $3,260–$3,240.
🔹 Alternative 2: If sellers fail to defend this level, price may push higher to test the $3,420–$3,440 supply zone.
✅ Key Levels to Watch:
Resistance: $3,360 and $3,420–$3,440
Support: $3,260 and $3,190
📉 The RSI is hovering in the neutral-to-oversold range, signaling indecision in momentum.
📌 Summary:
Traders should monitor how price reacts to the current resistance zone. A clear rejection could validate the downside scenario, while a breakout may open the door for a bullish continuation.
