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Is there still a chance for a bull market in gold's decline?📰 Impact of news: 1. European Central Bank deposit facility rate in the eurozone as of June 5 2. Initial jobless claims data 3. Non-farm payroll data 4. Worsening geopolitical situation 5. Watch the impact of the dialogue between Trump and Xi Jinping on gold 📈 Market analysis: This round of geopolitical conflict caused an upward breakthrough, but the price has cooled down due to the negotiations between China and the United States. The current market is swaying at 3374. In fact, gold has not yet taken a more obvious direction. After all, tomorrow, Friday, is a key node in the data market game. At the 4H level, today's European session has reached the 3404 line, and encountered resistance and pressure here. The current retracement is in line with our expectations, and we expect to go long. As long as the key position of the middle track is maintained, it will continue to rise after being pulled down. At present, I still hold long orders. 🏅 Trading strategies: BUY 3390-3385-3375 TP 3400-3410 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
OANDA:XAUUSDLong
by AllenBoswell-2
Trading Signal for GOLD sell below $3,387 (21 SMA - 7/8 Murray)Early in the European session, gold traded around 3,368, showing signs of exhaustion after reaching the weekly high of 3,403. We could expect a technical correction to occur in the coming hours toward the 21SMA or the 7/8 Murray EMA at 3,355. If the bearish momentum is maintained, gold could continue its decline. To do so, we should wait for confirmation below 3,350, then the price could reach the 200 EMA at 3,277. Around that area, gold left a gap on May 29, and it is likely that it could be filled. On that other hand, if bullish strength prevails, we could expect a technical rebound around 3,35. This area has provided gold with a good rebounding point in the past, and this time the price reach the 8/8 Murray at 3,437. This week, US employment data will be released, which could trigger strong volatility. This, in turn, could cause the price of gold to reach 3,437 or fall towards 3,270. Our trading plan for the next few hours is to sell gold below 3,387 with a target at 3,359. Around this area, we should wait for a breakout or a technical rebound to occur before making a new decision.
FOREXCOM:XAUUSDLong
by CEO-PREMIUM-ANALYSIS
14
Beware of fake gold price rises and real falls 📊Technical aspects International gold rebounded from the bottom on Wednesday and closed up strongly again. On Wednesday morning, the gold price fell to 3345 and then rebounded quickly. During the Asian session, the gold price reached 3370 and then fluctuated downward. In the afternoon session, the gold price reached 3350 and then fluctuated upward. During the European session, the gold price reached 3365 and then expanded the intraday decline. On the eve of the opening of the US session, the gold price reached 3340 and then rebounded. During the US session, the gold price expanded the intraday increase and reached 3385 before a slight decline. The number of ADP employment in the United States in May was 37,000, which was 110,000 lower than the market expectation and the previous value was 62,000. Data is lower than expected, gold is rising? As far as gold is concerned, it is only in a wide range of fluctuations and there is still no clear direction. Through the above trend, we can clearly recognize that gold has insufficient upward momentum. Gold can no longer meet the current short-term profit, and there is no need to deliberately pursue it. Our most important goal is to seize the market of 100-200 US dollars. 💰 Strategy Package Short Position：3375-3380
TVC:GOLDShort
by TheodoreSilas
1
GBP/USD Bulls Eye Breakout Ahead of NFPA rebound off former resistance is now testing the highs with the weekly / monthly opening-range taking shape just below. GBP/USD is attempting to breach the yearly 75% parallel in early US trade on Thursday. The immediate focus is on today’s close with respect to this threshold. Initial support rests with the weekly open / 2024 high at 1.3434. Note that the median-line converges on this threshold over the next few days and a break / close below would threaten a larger correction within the broader uptrend towards the 61.8% retracement of the May advance at 1.3313 and bullish invalidation at the May low-day close (LDC) near 1.3176. A topside breach above the 75% parallel would threaten resumption towards subsequent resistance objectives at the 2022 high-day close (HDC) at 1.3705 and the 100% extension of the January advance at 1.3816- look for a larger reaction there IF reached. Bottom line: The British Pound is testing confluent resistance at the yearly high and the focus is on a possible price inflection off this pivot zone- watch today’s close. From a trading standpoint, losses should be limited to 1.3434 IF price is heading higher on this stretch with a close above the 1.36 needed to mark uptrend resumption. Keep in mind we are in the early throws of the June opening-range with U.S. Non-Farm Payrolls slated for tomorrow morning and key inflation data (CPI) on tap next week. Stay nimble into the releases and watch the weekly closes here for guidance. -MB
by FOREXcom
UCAD Bears Ready to Break 2 Month Long Falling Support??OANDA:USDCAD has been supported by a Falling Support Trend line since August 14th and here soon Price could potentially give us a Bearish Break to that Trend line! Once a Breakout is validated, we could look for a Retest Set-Up for some Short Opportunities to take Price down to the Support Zone created by the August and September 2024 Lows. An interesting fact to point out is if you observe the reaction of Price when it tests the Falling Support, we can see Price arc and the following reactions arc smaller, suggesting Bulls are losing strength on the push off of the Falling Support! Price Action is being heavily driven by Fundamentals in the markets this week: -USD- ADP Non-Farm Employment - Previous 60K / Forecast 111K / Actual 37K ISM Services PMI - Previous 51.6 / Forecast 52 / Actual 49.9 ISM Manufacturing PMI - Previous 48.7 / Forecast 49.3 / Actual 48.5 ISM Manufacturing Prices - Previous 69.8 / Forecast 70.2 / Actual 48.5 Unemployment Claims - Previous 239K / Forecast 236K / Actual 247K *Average Hourly Earnings, Non-Farm Employment and Unemployment Rate are to be released tomorrow -CAD- BOC held Interest Rates @ 2.75% Ivey PMI - Previous 47.9 / Forecast 48.3 / Actual 48.9 *Employment Change and Unemployment are to be released tomorrow With BOC holding Interest Rates and the Federal Reserve possibly looking to cut rates because of a "softening labor market", this could fuel CAD to overcome the pair and put Bears in control to pull Prices lower! tradingview.sweetlogin.com
Short
by Novi_Fibonacci
Gold is expected to continue to 3410-3420At present, gold has risen to around 3395 in the short term, breaking through the short-term high of around 3392, and there is no clear peak signal; and after breaking through the previous high of around 3392, there is no need to worry about the suppression of the technical double top structure for the time being. From this point of view, gold still has the potential to continue to rebound in the short term, and is even expected to reach the 3410-3420 area; this morning, gold has not fallen below 3360 during the adjustment process. As gold rises, the lower support area gradually moves up. The current short-term support area is in the 3385-3375 area. Today's trading strategy: 1. Consider shorting gold when it first touches the 3410-3420 area, TP: 3395-3385 2. Consider trying to go long gold in small batches when gold falls back to the 3385-3375 area, TP: 3395-3405
OANDA:XAUUSDLong
by Steffen_Schade
HelenP. I Gold will break support level and fall to $3275 pointsHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price reached support 1 and then at once dropped to support 2, which coincided with the support zone, making a first gap. Then the price tried to grow, but failed and continued to decline, breaking support 2 and later reaching the trend line. After this movement, Gold turned around and made an impulse up, breaking support 2 and making a first-second gap. Next, Gold made a correction movement to support 2 and then made an impulse up to support 1, which coincided with the support zone. After this, Gold made a small correction and then rose to the support zone, where it made a third gap. Next, XAU in a short time declined to the trend line, broke it, but then started to grow above this line. Some time later, Gold rose to support 1, making a fourth gap, and recently broke support 1 with a trend line. At the moment, the price is traded inside the support zone, and I think that XAUUSD will break the support level, make a retest, and continue to decline. For this case, I set my goal at 3275 points. If you like my analytics you may support me with your like/comment ❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by FirstNameHelen
11
Double top pressure appears Gold short-term bearishThe current price shows a sign of hesitation after experiencing a sharp rise. The bulls hit a high of 3384 twice and then pulled back. The high point and yesterday's high point formed a double top suppression. Two attempts to test Monday's high of 3392 failed, indicating that the bullish momentum has weakened. The short-term high-altitude strategy for gold is mainly used. Pay attention to the key support of 3340-3345 below. If it is effectively broken, it may fall to the 3325 trend line conversion support level below. In terms of operation, it is recommended to rely on the double top pressure of 3384-3392 to arrange short orders at highs. Market volatility may intensify before the release of non-agricultural data. Gold operation suggestions: short gold near 3384-3392, target 3370-3360.
OANDA:XAUUSDShort
by TP_Daniel5
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.
OANDA:XAUUSDLong
by Ludvig_Band_King
PEPE Ready to Rip? 3 Take-Profits Lined Up from This Key SupportPEPEUSD is currently forming a potential bullish reversal near the key support zone between 0.00001060 and 0.00001099. This level has acted as a solid demand zone previously, with price bouncing off this range multiple times in the recent past. The current price action suggests consolidation above this level, hinting at potential accumulation by buyers. We can observe a compression in volatility, with recent candles showing smaller bodies and longer wicks near support—classic signs of weakening bearish momentum. The prior price rejection from the 0.00001318 zone and the smooth retracement to support further confirm this as a healthy correction rather than a trend breakdown. The DPO (Detrended Price Oscillator) is hovering close to zero, suggesting the asset is entering a potential pivot zone. A move into positive territory would support the bullish scenario, ideally confirmed by an increase in volume on the breakout above short-term resistance. This setup is particularly attractive for scalpers or short-term traders, aiming to capture quick momentum surges across multiple resistance levels. 📌 Trade Setup • Entry Zone: 0.00001167–0.00001177 • Stop-Loss (SL1): 0.00001060 • Take-Profit 1 (TP1): 0.00001318 • Take-Profit 2 (TP2): 0.00001443 • Take-Profit 3 (TP3): 0.00001603 Strategy Note: The risk-to-reward ratio is highly favorable, particularly for TP2 and TP3. The setup allows for flexible scaling of positions as price hits each resistance level. With no immediate macro threats on the 4H structure and price defending support, this setup offers a clean bullish opportunity.
Long
by SupertradeOfficial
PolkaDot (DOT) Structure Analysis (1D)BITGET:DOTUSDT is showing signs of strength after a deviation below the long-standing $3.70–$4.10 demand zone. Key Levels • 🟢 Demand Zone: $3.70–$4.10, respected since October 2023 • 🟡 Broken downtrend resistance, retested as support • ⚪ Current falling channel (compression) following range high retest • 🟥 Sell Order Block: $5.10–$5.40 • 🟧 Range Resistance: $5.40 • 🎯 Target on breakout: ~$7.00, potential extension to ~$7.50 Thesis • The recent breakdown was quickly reclaimed, hinting at a possible spring/fakeout. After retesting the range high, price is now compressing within a descending channel, building energy just above demand. • A breakout from the channel followed by an S/R flip of the $4.40–$4.60 region could trigger a rally toward the upper range. Watching for • Channel breakout with volume • Clean break above $5.40 to confirm range expansion Invalidation • Sustained break below the $3.70–$4.10 demand zone
Long
by AliferCrypto
Thursday thoughts Not much to share here today more so waiting for the Non-Farm Payrolls report before any serious movements. Targets: Buy open and close above 143.481 Sell open and close below 142.559 I'll post a recap of the week June 6th and more information on Non-Farm Payrolls I hope anybody who took my calls this week locked in profits. If you are viewing my ideas, please follow. Ideally building a community is my main concern all of our ideas are important and would like to help anywhere I can.
by OrangeSodaOfficial