gold on sell retrace#XAUUSD price have been bullish since tension increases, now price is trying to correct before any further movement.
Firstly we await price to fall below 3341 to sell, Target 3331-3317. Stop loss 3357
Any further breakout above the 3366 will form a strong bullish which will reach 3390-3420
XAUUSD trade ideas
Continue to maintain stability above 3300, next week✍️ NOVA hello everyone, Let's comment on gold price next week from 06/02/2025 - 06/06/2025
🔥 World situation:
Gold prices declined on Friday, pressured by a rebound in the US Dollar, even as US Treasury yields dipped in response to a robust inflation report. Despite the yield pullback, expectations remain firm that the Federal Reserve could begin easing policy in 2025. At the time of writing, XAU/USD is down 0.83%, trading around $3,289.
Market sentiment turned more risk-averse after US President Donald Trump sharply criticized China, accusing Beijing of breaching the trade agreement reached during talks in Switzerland. In a post, Trump wrote, “China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!”—a statement that reignited geopolitical tensions and added to market uncertainty.
🔥 Identify:
Gold price is in great competition between buyers and sellers around the price range of 3200 - 3300. Tariff policies are coming back, the trump administration is putting pressure to get favorable tariffs.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $3332, $3365
Support: $3244, $3204
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GOLD → False breakdown and support from the falling DXYFX:XAUUSD , as part of a correction, confirms the upward trend line and returns to the consolidation (range), making a false breakdown of support amid the dollar's correction...
The US dollar remains stable thanks to the Fed's hawkish minutes and the court's decision to block Trump's tariffs. Investors are waiting for Friday's inflation data (PCE), which could weaken the dollar and give gold a chance to rebound. Additional influence will come from US GDP data, jobless claims, and geopolitical news.
On D1, gold is rebounding from strong support and heading towards resistance at the rising trend line. If economic risks remain high, gold could continue its rally despite conflicting bearish patterns...
Resistance levels: 3300, 3310, 3325
Support levels: 3290, 3285, 3265
Gold is forming a false breakdown of support at 3265 as part of a correction and confirming the lower boundary of the upward channel. Consolidation above 3280 will confirm that bulls are holding the market amid high economic risks. Gold may test 3300-3310 and form a correction before continuing its growth towards 3325.
Best regards, R. Linda!
Safe-Haven Demand May Drive Gold Prices Higher✅ Today’s ADP report came in bullish for gold,
✅ Meanwhile, the Federal Reserve’s Beige Book reveals:
A slight slowdown in economic activity
Increased policy uncertainty and price pressures for businesses and consumers
An overall pessimistic economic outlook
📌 Combined with ongoing geopolitical tensions, this creates a supportive backdrop for safe-haven buying in gold.
🔍 Technical Outlook (1D Chart):
Gold is still facing a bearish divergence on the daily chart. For this to resolve, the market must choose between:
1️⃣ A strong breakout with volume, pushing toward 3430–3450
2️⃣ A pullback to repair structure, including filling the gap below 3300, which may later fuel a rally toward 3500+ if bullish catalysts arise
📅 Key Events to Watch This Week:
Thursday: Initial Jobless Claims
Friday: NFP (Nonfarm Payrolls)
⚠️ Also monitor developments on trade tariffs, which may affect market sentiment
📊 Short-Term Trade Plan (Range Strategy):
🎯 Key levels to watch:
Resistance: around 3400
Support: near 3366
📌 Consider range trading between 3408–3358, selling highs and buying dips with strict risk control.
XAUUSD 30M CHART PATTRNThis chart shows a long (buy) trade setup for Gold (CFDs on Gold in USD per ounce) on the 30-minute timeframe. Here's a breakdown of what’s depicted:
Chart Analysis:
Current Price: ~3361.66
Buy Entry Zone: Indicated by the green circle near current price level.
Take Profit: Marked at a significantly higher price level.
Stop Loss: Set below the current price level.
Risk/Reward Ratio: Visually favorable, suggesting a high potential reward relative to the risk.
Interpretation:
The trader expects the current down-move to reverse, hence the suggested long entry.
The chart assumes that price will bounce off this level (possibly support), then move up to the take-profit target.
This setup appears to be based on trend continuation or support bounce logic.
Key Considerations:
Look for confirmation such as candlestick reversal patterns, volume increase, or RSI divergence before entering the trade.
Be mindful of news/events that might affect gold prices—those red icons below the chart could indicate upcoming economic events.
Would you like help analyzing whether this trade setup is strong based on technical indicators or news?
Gold in down trend (correction wave )Sell gold 3305-3309, stop loss at 3315 (4-hour candle close above), targeting 3245 (600 pips), risking 100 pips.
Price is currently in wave Z of a WXYXZ correction. Invalidation level for this correction is 3345. Confirmation of downtrend continuation is a close below 3270.
Currently holding the short position. Watching price action around 3270 for confirmation of further downside. A break below would strengthen the bearish outlook and pave the way towards the 3245 targets. Will monitor for any signs of bullish reversal but maintaining the stop loss at 3315 for now. Invalidation level at 3345 remains the key level to watch for a potential trend change.
Is the positive news fading? The latest analysis of gold📰 Impact of news:
1. The conflict between Russia and Ukraine breaks out again, exacerbating the uncertainty of the situation
2. The tension in the Middle East continues, Iran claims to be ready to defend its airspace at any time, and the Houthi armed forces attack Israeli airports
3. May PMI data released
📈 Market analysis:
As geopolitical conflicts between Russia and Ukraine and the Middle East broke out again over the weekend, gold jumped higher today. From a technical perspective, the 1H chart shows a bullish arrangement, but the gold price is in a downward channel at the daily level. The gold price is currently near the middle track of the Bollinger Band and is obviously suppressed by the downward channel. The 4H level Bollinger Bands narrowed, the moving averages adhered, the long and short positions were in a stalemate, and the MACD indicator hovered around the 0 axis. 3330 - 3335 above is the key resistance area. If it breaks through 3340, it is expected to continue to see new highs. At the same time, there is short-term support in the 3285-3280 range below. 3270 - 3265 becomes the key important support. If it falls below, it may fall to 3245. For short-term operations in the Asian and European sessions today, if the resistance area of 3325-3335 cannot be effectively broken through, you can consider shorting and look towards 3310-3290 in the short term.
🏅 Trading strategies:
SELL 3325-3335
TP 3310-3290
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
The latest gold market trend analysis strategy on June 5:
ADP data impact: The US "small non-farm" data in May was significantly lower than expected (37,000 new vs. 110,000 expected), strengthening the market's bet on the Fed's interest rate cut, the US dollar was under pressure (falling below the 99 mark), US Treasury yields fell, and gold was supported as a safe-haven asset.
Technical signal: The bottoming pattern of gold daily line was confirmed, and the low point gradually moved up (3344→3350). The short-term bulls were strong, but attention should be paid to the breakthrough of the previous high of 3392 pressure level.
Non-farm outlook: If the non-farm data continues to be weak on Friday, gold may accelerate its rise; if it rebounds beyond expectations, the US dollar may rebound in the short term, and gold faces the risk of a correction.
Technical analysis
Key price
Support: 3344-3350 (intraday low and early long order entry, long defense line)
Resistance: 3385-3392 (Wednesday high and early week suppression, breakthrough opens up upside)
Bull-bear watershed: If gold price stands above 3392, the target is 3420-3450; if it loses 3344, the risk of short-term correction increases.
Form and momentum
15-minute chart: The big positive line rises with large volume, showing strong bullish momentum, but be wary of the decline in the latter part of the US market (3384→3360).
4-hour chart: MACD golden cross continues, RSI is close to the overbought zone, there may be short-term fluctuations, but the trend is still bullish.
Operation strategy suggestions:
Day trading (June 5)
Long strategy
Entry point: Long with a light position when the price falls back to 3355-3360, and those who are conservative will wait for the area around 3345 to increase their positions.
Stop loss: below 3340 (to prevent false breakthroughs).
Target: 3380-3385 (reduce half position), and look at 3400-3420 after breaking through 3392.
Short strategy (cautious)
Entry point: Try short with a light position when the price first touches 3390-3392 (needs a quick fall signal).
Stop loss: above 3395.
Target: 3375-3365 (short-term speculation callback).
Mid-term layout: If the gold price stabilizes at 3400 after the non-agricultural data, you can arrange long orders with the target at 3450-3480.
Market sentiment and risk warning
Disagreement among retail investors: Some traders bet on continued weakness in non-agricultural data and arrange long orders in advance; other funds are waiting for the direction to be confirmed after the data is released.
Institutional trends: Pay attention to the policy signals before the Fed's June interest rate meeting. If the employment data continues to weaken, the probability of a rate cut in September may rise to more than 50%.
Risk events:
Non-agricultural data deviates from expectations (especially the unemployment rate and wage growth rate).
Geopolitics or unexpected hawkish remarks by Fed officials may disturb the market.
Summary
Gold's short-term technical and fundamental aspects are bullish, but we need to be wary of profit-taking before non-agricultural data. Trading discipline: Strictly stop loss, stop profit in batches, and avoid heavy bets on data. If the Asian and European sessions maintain a consolidation above 3360, the US session can choose to follow up with breakthrough long orders.
Key question to think about: If the non-agricultural data is stronger than expected, where is the limit of gold's correction?
Potential answer: 3300-3320 area (previous platform support + daily level trend line), then you can observe the stabilization signal and re-arrange long positions.
Trading strategy in US sessionGold price in the short term of the US session. The pulling of the h1 candle's wick creates an important liquidity zone of 3373. When h1 closes above this zone, it confirms that the US session will be a bullish session and can reach 3398 at the end of the session. If it closes below 3373, the BUY zone will be noticed at the support reaction in the European session around 3362.
XAUUSDThe trend of XAUUSD is fluctuating.
Wednesday: XAUUSD in the Asian market rose sharply to 3372 and then quickly dropped to 3348. The current quotation is 3360.
It is a good trading opportunity for traders who bought low yesterday. The lowest yesterday fell to 3333. The operating space fluctuates by about $40/ounce. Many people have no idea. The profit of trading 1 lot of buy orders is 4. The profit of trading 5 lots is 20k.
This week is the monthly data news week. Including ADP. ECB interest rate decision, big non-agricultural data that have a significant impact on the economy.
Trend observation. There is still an intention to continue to rise. In terms of operation, you can focus on buying at low levels.
Pressure range: 3400-3390
Support range: 3340-3350
Under the influence of news. Many trends will be distorted due to the influence of data news. So I have been reminding you not to trade alone. If you want to follow good swing trading instructions to make reasonable trades and expand your profits, please leave us a message.
6.4 Gold Market6.4 Gold Market
The Trump administration's "steel tariffs" caused gold to surge to around 3390. Yesterday's bottom of the correction touched around 3330. The current trend analysis shows that there are bullish protection actions at 3340 points. Today, you can go long based on 3344 as the support point.
The ADP data will be released tonight. The 4-hour US dollar fell and went out of the five-wave decline. The typical five-wave decline may have to rebound. If the US dollar surges, the gold 3340 support level may not be able to protect.
Today's strategy is still mainly long. However, if it fails to break through 3370 and falls below 3340, then you must pay attention to stop loss.
BUY: around 3350
SL: 3340
TP: 3370-3400
Thank you for your attention. I hope my analysis can help you.
XAU / USD 4 Hour ChartHello traders. Well, I was waiting for a break out of the zone marked on the chart. Now that we have broken out, I will wait for the Pre NY volume to come in about 3.5 hours from now. Sometimes the first few days of the week, gold carves out it's potential paths. I say this because now that we moved up, we may see a correction with the NY open today. Let's see how things play out. Big G gets a shout out. Be well and trade the trend. Happy Monday!!
GOLD - where is current Resistance? Holds or not??#GOLD... perfect holdings and bounced back and now market have his ultimat resistance area is 3382-84
Thats play key role from yesterday and in today it will be our key level.
Keep close and only hold shorts below that other use not
Note: above 3382 we will go for cut n reverse on confirmation.
Good luck
Trade wisely
XAUUSD Reversal Zones Identified (MMC Analysis) + Target🧠 Overview:
Today’s GOLD chart shows clear institutional footprints using the Market Maker Concept (MMC). We're seeing a sequence of liquidity sweeps, breaks of structure (BOS), and supply/demand (SD) interchanges, all pointing to a well-orchestrated bullish expansion.
This detailed analysis will break down:
Key structure shifts and manipulation zones
BOS confirmations and their implications
Upcoming reversal target zone and trade management suggestions
🔍 Chart Breakdown:
🔸 1. SR Interchange Zone (Demand Zone)
Around $3,270 – $3,280, price showed strong bullish rejection.
This zone represents a Support-Resistance Flip, where price absorbed sell-side liquidity before launching upward.
Market Makers often use this zone to induce short positions, then reverse to trap retail sellers.
🔸 2. Major BOS (Break of Structure)
Occurred near $3,365, signaling a confirmed bullish shift in market structure.
This BOS is important because it shows displacement, a core MMC trait where institutions break structure with momentum.
Once BOS was confirmed, price formed a short-term pullback, aligning with re-accumulation principles.
🔸 3. Previous Target Zone + SD Interchange
Around $3,370 – $3,385, previously identified as a resistance/target zone.
After breaking this zone, price retested it and turned it into new support (SD Interchange).
This is a common MMC move: old resistance becomes a new demand zone post-manipulation.
🔸 4. Target Hit & Bullish Continuation
Price surged upward and hit the next logical target, pausing briefly.
This confirms that the market is following liquidity engineering – price sweeps zones to collect orders, then pushes higher.
🔸 5. Next Reversal Zone: $3,440 – $3,460
This is a key supply zone based on prior inefficiencies and potential smart money exits.
Traders should watch this zone carefully for signs of bearish reaction:
Rejection wicks
Bearish engulfing patterns
RSI/MACD divergence
Volume exhaustion
💡 Trade Strategy Ideas:
✅ Bullish Bias (If price holds above BOS)
Buy retracements into demand zones (e.g., $3,365 or $3,385)
Targets: $3,420 and then $3,450
Use trailing stops to lock in profits
❌ Bearish Setup (Upon reversal signs in $3,440 – $3,460 zone)
Look for short confirmations like lower highs or bearish engulfing candles
Targets: $3,385 (former demand) or $3,365 (BOS level)
⚠️ Risk Management:
Stick to 1-2% risk per trade
Wait for confirmation before entering any reversal
Set clear invalidation levels (above $3,460 for shorts)
🔚 Conclusion:
This GOLD analysis demonstrates classic MMC and Smart Money behavior:
BOS with confirmation
Institutional demand flip
Precise target fulfillment
Approaching a high-probability reversal zone
The next few sessions will be critical. Stay sharp and patient—let the market confirm the next direction.