XAUUSD Daily Outlook – Premium Pressure & Weak High Trap in Play

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Hey team!
Hope you’re staying sharp as we close out this NFP week. Here’s your Daily Outlook for XAUUSD — built from clean structure, supply/demand logic, and current price action.

📍 Bias: Neutral → leaning bearish while inside premium rejection zone
🔹 1. 🔍 Daily Structure Overview
Recent CHoCH down after failing to break above the weak high at ~3395.

Price is reacting from premium supply and has now tapped a daily FVG near 3315.

We're in a mid-premium rejection area, with multiple rejections from the 3350–3395 zone.

🔹 2. 📐 Key Daily Zones
Zone Type Price Range Notes
🔼 Premium Supply Trap 3350 – 3395 Weak high, CHoCH zone, FVG, supply OB
🔽 Retracement Demand 3278 – 3262 Clean OB + imbalance zone (FVG)
🔽 Mid-Demand Range 3172 – 3140 Breaker block + daily wick base
🔽 Deep Demand (Discount) 2950 – 3020 Full retracement zone from last BOS

🔹 3. 📊 EMA Context (Daily)
EMA 5/21 cross locked bullish — but starting to curl as momentum slows.

Price is testing EMA21 from above; breakdown below it could invite further retracement.

All EMAs still stacked bullish, but showing early signs of cool-off.

🔹 4. 🔢 Fibonacci Swing
Swing used: 3245 (swing low) → 3395 (current top)

Price is now below 38.2% retracement (~3335)

50% = 3320, 61.8% = 3300 → high confluence in this cluster for potential bounce or breakdown decision.

🔹 5. 📉 RSI Check
RSI diverging slightly from highs → bearish divergence forming

Currently near 58 → leaves room for downside without being oversold

🔹 6. 🌍 Macro Context
NFP Report just released
→ Mixed numbers: NFP weak, unemployment up = mildly bullish gold

CPI incoming – key for inflation outlook and Fed tone

Market uncertain → risk-off flows could favor gold, but rejection from premium likely before CPI clarity

⚔️ Scenarios for June 9 Start
🔽 Bearish Plan (likely early-week setup)
Rejection from 3335–3350 → short trigger zone

TP1 = 3278

TP2 = 3172–3140 (if momentum extends)

🔼 Bullish Continuation
Clean reclaim of 3350 and 3395 breakout → flip into aggressive bullish continuation

Target = 3450–3500 FVG above current ATH

✅ GoldFxMinds Final Note
We’re in the heart of the premium trap — don’t buy blindly into strength. Let price show intent.
⚠️ This week may be a pre-CPI fakeout zone — stay patient, let the structure guide you.

📣 If you’re watching this with us — drop your thoughts in the comments. Are we heading to 3170 first or flipping 3395 clean?

Let’s crush the week,
— GoldFxMinds 💡

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