📌 XAUUSD – 1H Chart Update | June 5th, 2025
Gold is consolidating within a triangle pattern, with price respecting key structure levels and showing signs of potential breakout. Despite a bullish bias, the Stochastic oscillator remains in the overbought area, signaling a possible short-term pullback before continuation.
🟧 Key Technical Highlights:
Price is consolidating near the triangle’s apex — a breakout is imminent.
Bullish breakout target: 3,392–3,410 Supply Zone.
Breakdown potential: revisit to Demand Zone at 3,340 or deeper to 3,306–3,246.
Overbought Stochastic supports the scenario of a pullback before bullish continuation.
📊 Upcoming Fundamental Catalyst:
🔥 NFP Data – Friday, June 7th (High Impact)
Strong NFP → USD strengthens → Gold may drop
Weak NFP → USD weakens → Gold may rally
Traders are likely to remain cautious ahead of the release, potentially leading to choppy or range-bound price action until the data is out.
🧠 Trading Strategy:
Wait for breakout confirmation with volume.
If price rejects the upper triangle, prepare for a retest toward Buyer Zone.
If breakout occurs after NFP with bullish momentum, target 3,392 and above.
Stay sharp, trade smart, and manage your risk — especially heading into NFP!
Disclaimer ON
Gold is consolidating within a triangle pattern, with price respecting key structure levels and showing signs of potential breakout. Despite a bullish bias, the Stochastic oscillator remains in the overbought area, signaling a possible short-term pullback before continuation.
🟧 Key Technical Highlights:
Price is consolidating near the triangle’s apex — a breakout is imminent.
Bullish breakout target: 3,392–3,410 Supply Zone.
Breakdown potential: revisit to Demand Zone at 3,340 or deeper to 3,306–3,246.
Overbought Stochastic supports the scenario of a pullback before bullish continuation.
📊 Upcoming Fundamental Catalyst:
🔥 NFP Data – Friday, June 7th (High Impact)
Strong NFP → USD strengthens → Gold may drop
Weak NFP → USD weakens → Gold may rally
Traders are likely to remain cautious ahead of the release, potentially leading to choppy or range-bound price action until the data is out.
🧠 Trading Strategy:
Wait for breakout confirmation with volume.
If price rejects the upper triangle, prepare for a retest toward Buyer Zone.
If breakout occurs after NFP with bullish momentum, target 3,392 and above.
Stay sharp, trade smart, and manage your risk — especially heading into NFP!
Disclaimer ON
Trade active
UPDATE PREVIOUS ANALYSIS🧠 Running Trade :
Open : 3384
TP :3407
SL : 3364
Disclaimer ON!
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.
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.