The 1-hour TradingView chart for XAUUSD on 05/06/2025 shows gold prices trending slightly upward, currently trading around 3,373.885 USD/oz, up 0.03% (8.45 USD).
Prices experienced significant volatility recently, dropping to a low of around 3,220 USD/oz on 29/05 before surging to a peak of 3,375.315 USD/oz on 04/06, followed by a slight pullback.
Trading volume spiked notably during the price surge (03-04/06), indicating strong buying pressure, but tapered off during the correction, reflecting profit-taking.
Key resistance is currently at 3,375 USD/oz, with support at 3,326 USD/oz.
XAUUSD Trading Strategies
BUY XAUUSD around 3,365-3,368
Stoploss: 3,360
Take Profit : 3,372 .
SELL XAUUSD around 3,378-3,380 -
Stoploss: 3,385
Take Profit 1: 3,370
Note: Always set a Stoploss to manage risk.
Wishing you successful trades and a great day ahead! Stay informed and trade wisely.
Prices experienced significant volatility recently, dropping to a low of around 3,220 USD/oz on 29/05 before surging to a peak of 3,375.315 USD/oz on 04/06, followed by a slight pullback.
Trading volume spiked notably during the price surge (03-04/06), indicating strong buying pressure, but tapered off during the correction, reflecting profit-taking.
Key resistance is currently at 3,375 USD/oz, with support at 3,326 USD/oz.
XAUUSD Trading Strategies
BUY XAUUSD around 3,365-3,368
Stoploss: 3,360
Take Profit : 3,372 .
SELL XAUUSD around 3,378-3,380 -
Stoploss: 3,385
Take Profit 1: 3,370
Note: Always set a Stoploss to manage risk.
Wishing you successful trades and a great day ahead! Stay informed and trade wisely.
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.