Gold turns lower despite big silver breakoutGold has turned lower on the day, slipping after it failed to hold above the key $3400 resistance level. Despite a major breakout in silver, gold couldn't ride the wave, turning negative as risk sentiment improved on news of a "very positive" Trump-Xi call and renewed US-China trade talks.
The move also came alongside firmer commodity currencies and a rebound in USD/JPY, adding further pressure on the yellow metal.
Technically, yesterday’s inside bar low at $3343 is now the immediate bearish target, with further downside potential toward the $3320–$3330 support zone. If the recent swing low near $3250 breaks, bulls could be in real trouble.
By Fawad Razaqzada, market analyst with FOREX.com
GOLDCFD trade ideas
Gold fell! Falling!! 📉📉📉
After the shock on Friday, gold fell sharply in the US market, reaching the lowest level of 3316. This shows that the adjustment is not over and will definitely continue next Monday. The short-term 4H cycle has weakened, and the daily cycle is suppressed on the upper track, but the overall market is still in a wide range of fluctuations, continuing the rhythm of May.
The one-hour market fell below the key support level of 3330. This point is a short-term turning point for long and short positions. Its loss means that the short-term market has entered a weak and volatile pattern. However, the current market has not yet completely turned into a bearish trend. The subsequent trend is expected to fluctuate downward, but the amplitude is limited, and it is difficult to see a sharp drop. Therefore, short-term operations can be tried, but from a general perspective, long positions are still the main tone. Looking forward to next week, it is expected that the market will fluctuate and bottom out near 3300, and a new round of pull-ups will begin after the bottom is stabilized. The upper short-term pressure is at 3340, and the lower support is near 3300. The overall trading strategy recommends "short-term selling and long-term buying". You can flexibly arrange accordingly to seize market opportunities.
Today’s gold strategy: go long on support and short on pressure!Today, there is a high probability that the volatile bullish trend will continue. In terms of operation, we should seize the opportunity of short-term bullish. The key support level of the daily line is around 3350-3355. If it falls back to this level, you can arrange short-term bullish with a light position. If the market is strong and there is no obvious correction, you can enter the long position in advance at the 3370 line. Pay attention to the upper resistance level of 3400-3405. Once it breaks through effectively, wait for the opportunity to arrange short positions after the surge. In the volatile market, both long and short positions have opportunities. Don't chase the rise and sell the fall. Be sure to wait patiently for the right time to enter the market and strictly control the position.
Gold operation suggestions: short gold rebounds around 3400-3405. Go long gold when it falls back to around 3350-3360. Go long at 3370 first if it is strong and does not pull back.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Hmm, didn't quiet go the way we wanted but we did say watch for a break either side if you're long. The break came downside and our 4H red box bounced price early session only to then complete the move we initially wanted. Not quiet a cigar but it worked in the end and you can't win them all.
Today we posted the red box levels and again as you can see we've completed all of them on the move upside. Now we need traders to play caution going long up here as you don't want to trade the candles! For that reason we have support 3310 and below that 3305, which if attacked and held can give us further movement upside. With tomorrow being the last trading day of the week, we're going to take it easy and wait for the weekly and monthly close.
Watch the red boxes, breaks either side again.
Today's red box targets:
Break above 3290 for 3306✅, 3310✅, 3320✅ and 3324✅ in extension of the move.
As always, trade safe.
KOG
Will gold continue to rise?From the 4-hour chart, as long as the short-term gold market is above 3330, gold is still in a strong bullish trend. On the contrary, if it falls below the closing line near 3330, it will break the trend line, and the subsequent market will most likely form a weak shock pattern. Therefore, the current operation is actually very simple. As long as the 3330 position is not broken, you can rely on the 3330 area to enter the market and do more. Pay attention to the support near yesterday's low of 3333 below, and pay attention to the resistance near 3375-3380 above.
Gold operation suggestions: It is recommended to go long on gold when it falls back to 3345-3347, stop loss at 3335, and target 3360-3370;
XAUUSD Expecting Selling movementCurrent Price Action
Current price $3,357
The chart shows a recent bullish move that has broken above a previous consolidation zone around $3,333 $3,340
Resistance Zone Red Box
Upper resistance area projected around $3,380
This is the anticipated reversal zone where the price may face selling pressure and potentially begin a downward movement
Projected Price Path Yellow Arrows
The analysis forecasts a continued short-term bullish move toward the red resistance zone
After hitting this resistance the price is expected to reverse and begin a bearish correction
Support Zone & Target Area
First Support Level: Around $3,333 identified as a key structure or supply-demand level
Final Target: Around $3,315. marked in purple as the main bearish target post-reversal
This zone is highlighted in blue and represents a key demand area where a potential bounce may occur
Conclusion
The setup appears to anticipate a sell opportunity near the $3,380 resistance targeting a decline to the $3,315 zone
This type of analysis is often used for short-term trading setups, possibly scalping or trades
BULLS VS BEARS GOLD2 possible scenarios could be playing out on gold as of right now.
a 15 minute range has formed giving liquidity on both sides
wait the market out see what it tells you to do and not what you want to do
liquid highs have been taken price may take the lows before us seeing a continuation
on the flip side lows may be taken if bullish structure breaks look for shorts if we hold bullish structure continue long
THIS IS NOT FINANCIAL ADVICE YOU ARE RESPONSIBLE FOR ANY TRADES YOU TAKE
Gold Update – Will Buyers Drive It to 3,485 USD?Great to see all traders again in today’s gold price discussion at the end of the trading session. LyngridTrading here!
Yesterday, gold dropped sharply, with the metal falling by 600 pips during the US session. However, by this morning, it quickly regained its upward momentum, supported by buying pressure around the 3,340 USD support zone.
Specifically, gold regained its momentum after the latest data on the US labor market was just released, showing that the number of initial state unemployment claims rose to 247,000 (seasonally adjusted) by the end of May 2025, according to the announcement from the U.S. Department of Labor. This figure is higher than expected, reflecting a weakening US labor market, which has increased expectations that the Fed will soon cut interest rates to support the economy.
From a technical perspective, as previously analyzed, gold holds a strong short-term technical advantage from the support zone around 3,340 USD. If buying pressure continues, there will be nothing stopping it from rising to 3,485 USD, in line with the idea scheduled at the same time yesterday.
Bullish Momentum Stalls as Gold Hits Key ResistanceRight now, we can see that gold’s upward momentum is starting to stall at a resistance level that has historically acted as a strong barrier and triggered significant reversals in the past. Given its historical relevance, the way price behaves here could increase the likelihood of a pullback if sellers step in.
If sellers confirm their presence through bearish signals such as long upper wicks, bearish candlesticks, or fading buyer strength, I believe we could see a move down toward the 3,324 level. However, a clean breakout above this resistance would challenge the bearish outlook and open the door for further upside. This is a critical area where price action is likely to offer valuable clues about the market’s next move.
Just my personal view on support and resistance, not financial advice. Always confirm your setups and manage risk accordingly.
Good luck!
XAUUSD selling pressure Current XAUUSD (Gold) Bias: SELL
Sell Below: 3365/64
Targets: 3350 → 3340/3330
Resistance: 3375–3378
Support: 3350/40/30
Why SELL?
1. Price Rejection at Resistance: Gold failed to break above the 3390–3395 resistance zone, showing strong selling pressure.
2. Bearish Momentum: Lower highs and lower lows are forming—a classic bearish pattern.
3. Stronger Dollar/Yields: If U.S. dollar strength or bond yields rise, gold usually drops as it's less attractive compared to interest-bearing assets.
4. Technical Indicators: Indicators like RSI and MACD on the 1H/4H charts are showing bearish divergence or downward momentum.
Conclusion: As long as gold stays below 3395–3394, the bias is bearish. Best strategy: look for sell entries near resistance, target 3335 and 3330
Let me know if you want live chart analysis or signals.
GOLD - Now CUT N REVERSE area? What's next??#GOLD.. market perfectly holds our area and bounced as we discussed in our last idea.
Now market have 3382 as a immediate and major support of the day.
Keep close 3382 and if market hold it in that case we can expect further bounce to upside.
Note: we will go for cut n reverse below 3382 in confirmation.
Good luck
Trade wisely
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 Bulls in Control: $3,412 Breakout Could Trigger Major RallyGold is currently maintaining a strong bullish structure on the 4H timeframe. Price is forming higher highs and higher lows, following a well-defined ascending trendline starting from the $3,125 region. Buyers are actively defending the structure, showing sustained strength. Short-term consolidation or minor pullback before a breakout. If the price sustains above $3,412, we can expect a continuation to $3,490, followed by $3,553.
✅ Bullish Scenario:
Break and hold above $3,412 confirms bullish momentum.
Target 1 : $3,490
Target 2 : $3,553
❌ Bearish Scenario:
Rejection from $3,412 or $3,490 and break below $3,288 trendline support could trigger downside.
Gold is currently in a strong bullish trend with potential to reach the $3,490 and $3,553 levels in the coming sessions. However, keep an eye on the trendline support and key resistance levels. A clean break and close above $3,412 could be a signal to ride the bullish momentum.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Safe Haven Demand Places Gold Front and CentreYou could have been mistaken into thinking that the down move in Gold at the back end of last week, which saw it trade to a low of 3271 on Friday and then close the week only slightly higher at 3288, was the type of price action that reflected tired long positioning and may have led to further tests of deeper support levels between 3245 (May 28th low) and 3204 (May 20th low).
However, that has not been the case, with traders rushing back to Gold as an important safe haven asset, as a rise in trade tensions between the US and China and an escalation in geo-political risks after Ukraine carried out long range drone strikes deep into Russia on Sunday, while Russia carried out attacks on Kyiv, threw the outcome of crucial peace talks between the two nations into doubt.
Yesterday, this fresh demand for Gold saw prices surge 2.8% to a high of 3383 and then continue that move up to a high of 3392 this morning in early Asia trading before some profit taking led prices back lower towards 3350 area again.
Looking forward across the rest of today, and the remainder of the week, Gold could remain in focus for several reasons, the first as traders await the outcomes of key data updates on the health of the US economy provided by the ISM Services PMI survey released tomorrow at 1500 BST, then by the Non-farm Payrolls release which comes out on Friday at 1330 BST.
The second reason may well be as traders await fresh news regarding the progress of trade negotiations between the US and China, which includes an update on whether President Trump and Xi will speak directly to each other at some stage this week. Yesterday the White House stated again that a call between the leaders of the world's two biggest economies was likely, however there has been no comment from the Chinese side so far.
The third, could be linked to how Russia and Ukraine move forward this week after peace talks concluded yesterday in Istanbul with very limited progress on a ceasefire or peace deal. Traders may well remain sensitive to news of any fresh attacks, the potential of further peace talks or comments from President Trump on the current stalemate.
Technical Outlook: Back to Potential Resistance?
It has been an impressive rally in the price of Gold since the 3120 May 15th session low, as both geo-political and trade tensions have increased again. This activity might be leading some to ask if this price strength may open a more sustainable phase of price strength, or represent a limited price recovery, before selling pressure materialises again.
Much will clearly depend on future market sentiment and news updates to help us gauge the answer to these potential questions, but does technical analysis offer clues to possible future price trends?
Potential Resistance Levels:
As impressive as latest price strength appears, traders may well now be asking, has this advance broken important resistance levels which could suggest possibilities of a push to higher levels? So far at least, it might be argued that it hasn’t yet.
From a technical perspective, evidence of selling pressure developing at a lower level each time a price recovery is seen, might be an indication that sellers are happy to be active earlier. This may be construed as a potentially negative sentiment, which may in time lead to further price declines.
So far this morning on June 3rd, at the time of writing, the latest recovery high has been 3392, which is lower than the upside extreme posted at 3435, on May 6th.
Traders may be focusing on this 3435 failure high as a resistance level and an important point that may need to be broken to suggest the pattern of lower price highs is ending.
A successful break of these 3435 highs if seen, might then suggest a more extended phase of price strength back towards the 3500 April 22nd all-time Gold high.
Potential Support Levels:
To the downside, price weakness appears to have recently been supported by 3289, which is equal to the 38.2% Fibonacci retracement of May 15th to June 3rd strength, and if the pattern of lower highs and lower price lows is to extend, it might be closing breaks under 3289 that skew risks to the downside.
Such downside breaks while not a guarantee of further price weakness, might lead to further price weakness towards 3225, which is the lower 61.8% Fibonacci retracement, and even on to 3120, which is the May 15th session price low.
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XAUUSD | 1h BearishGold (XAUUSD) 1H Analysis
Currently, gold is showing signs of a potential bearish reversal from a key supply zone. Price tapped into the previous high and reacted with strong rejection, suggesting weakening bullish momentum. This area aligns with a clear zone of interest, where sellers previously stepped in, adding confluence to our bearish bias.
The structure has been respected so far, and price has now broken below the minor trendline support, which previously acted as dynamic support for this bullish leg. A pullback to retest this broken structure or the imbalance zone just above could provide an optimal entry for further downside.
The trade idea is built on a potential shift in market structure:
A double top internal structure formation is visible at the recent high, indicating exhaustion in the uptrend.
Price is expected to push lower, targeting TP1, which sits at the previous strong support zone and aligns with the internal structure break.
Further continuation to the downside could take price toward the 0.5 FIB retracement level and PDL (Previous Day Low)—both strong liquidity areas.
We are anticipating a reaction from these lower zones. If bullish momentum reappears there, it may offer a chance to reposition for long setups later. For now, the bias remains bearish while price holds below the supply zone and structure confirms.
XAUUSD – NFP STORM AHEADXAUUSD – NFP STORM AHEAD: WILL GOLD BREAK HIGHER OR FACE A DEEP CORRECTION?
Gold is entering a critical phase ahead of tonight’s Non-Farm Payrolls (NFP) report — one of the most influential economic releases globally. With US-China trade tensions resurfacing and growing concerns over US national debt, the precious metal market is likely to experience high volatility during the US session.
🌍 MACROECONOMIC & POLITICAL OUTLOOK
Trade negotiations between the US and China have resumed, with China reaffirming its intent to defend strategic metal exports amidst ongoing tariff threats.
The US national debt is projected to reach $55 trillion by 2034, prompting central banks worldwide to continue stockpiling gold as a hedge against fiat devaluation.
Fed Chair Jerome Powell maintains his stance of “not rushing to cut rates,” but political pressure — especially from former President Trump — is escalating rapidly.
Unemployment Claims fell slightly last week, reinforcing the view of a weakening labour market. If tonight’s NFP print disappoints, gold may surge on renewed expectations of future Fed easing.
📈 TECHNICAL ANALYSIS (H1 – EMA 13/34/89/200)
Gold has formed a classic impulsive wave structure, with recent highs tested around the 3408 – 3410 resistance zone.
Price action is consolidating near the EMA 89 and EMA 200, suggesting indecision and building energy for a potential breakout.
A breakdown below the 3344 – 3332 support zone could trigger a move toward the FVG liquidity block near 3320, a potential institutional buy level.
🔍 STRATEGIC KEYLEVELS TO WATCH
Resistance levels: 3380 – 3392 – 3408 – 3436
Support levels: 3365 – 3350 – 3344 – 3332 – 3320
🧭 TRADE SETUPS
🔻 SELL ZONE: 3408 – 3410
Stop Loss: 3415
Take Profit: 3404 → 3400 → 3395 → 3390 → 3380 → 3370 → 3360 → 3350
🔵 BUY ZONE: 3318 – 3316
Stop Loss: 3310
Take Profit: 3322 → 3326 → 3330 → 3335 → 3340 → 3350 → 3360 → ???
✅ CONCLUSION
Gold is “holding its breath” before the potential NFP-triggered breakout.
If NFP disappoints → USD weakens → Gold could explode above 3410.
If NFP beats expectations → Sellers may take full control and shift the market into a correction phase.
GOLD recovers to $3,371, biggest data day of the weekOANDA:XAUUSD maintained its intraday recovery trend and the current gold price is around 3,371 USD/ounce, retesting the initial target increase sent to readers in the weekly publication. In this trading day, investors will focus on the US non-farm payroll data, which is expected to trigger major market movements.
Today (Friday), the US Bureau of Labor Statistics will release the highly anticipated non-farm payroll data for May. The market expects 130,000 new jobs and the unemployment rate to remain unchanged at 4.2%.
On Wednesday, the ADP jobs report, also known as the “mini-non-farm,” showed the smallest number of jobs created by the U.S. private sector in two years. The report could be a precursor to a negative non-farm payrolls report.
Payroll processor ADP reported on Wednesday that private sector payrolls increased by just 37,000 in May, down from a revised 60,000 in April and below the Dow Jones forecast of 110,000. It was the smallest monthly job gain since March 2023, according to ADP.
The U.S. Department of Labor reported on Thursday that initial jobless claims unexpectedly rose last week as concerns about the labor market mounted. The data showed initial jobless claims hit 247,000 in the week ended May 31, up 8,000 from the previous week and above the 236,000 expected in a Dow Jones survey.
If non-farm payrolls data released today is much worse than expected, it could weigh on the U.S. dollar and send gold prices soaring.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, after making a fresh weekly high and correcting lower yesterday, gold has recovered to reach its initial target at $3,371, the price point of the 0.236% Fibonacci retracement.
Following the uptrend, gold is likely to head towards the full price point of $3,400 in the short term, rather than $3,435.
Currently, the technical structure has not changed much with the uptrend completely dominating the technical chart. And the notable price points will also be listed as follows.
Support: 3,350 – 3,326 – 3,300USD
Resistance: 3,400 – 3,435USD
SELL XAUUSD PRICE 3412 - 3410⚡️
↠↠ Stop Loss 3416
→Take Profit 1 3404
↨
→Take Profit 2 3398
BUY XAUUSD PRICE 3301 - 3303⚡️
↠↠ Stop Loss 3297
→Take Profit 1 3309
↨
→Take Profit 2 3315
Buy gold, there is still potential to hit 3400Gold gradually fell after touching 3403, and the current lowest has fallen to 3364. Has the gold bull market ended? In fact, I think the gold retracement is a good time to buy, and I am not afraid of gold retracement.
From the overall perspective of the day, gold did not fall below the 3360 mark during today's retracement. This area has become the intraday strength and weakness dividing line. As long as gold can stay above 3360, I think gold still has the potential to continue to rebound. Moreover, the tariff issue and geopolitical conflicts have not been effectively resolved, which is still favorable for gold in terms of fundamentals. Moreover, gold has broken through 3400 twice. I think the bull market will not end easily, and there is still the potential to test 3400 again, and it may even rise to the 3410-3420 area.
Trading strategy:
Consider shorting gold in the 3365-3355 area, TP: 3390-3400