Selling pressure, bears active⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) edge higher toward $3,325 during the early Asian session on Tuesday, supported by a softer US Dollar as markets turn cautious ahead of key developments in US-China trade negotiations.
Delegations from the United States and China are set to continue discussions for a second consecutive day in London. President Donald Trump expressed optimism, stating the talks “should go very well.” According to US officials, discussions may lead to Washington lifting certain tech export restrictions in exchange for Beijing easing controls on rare earth exports — materials vital to sectors ranging from energy and defense to advanced technology. The outcome of these negotiations could provide fresh direction for the precious metal.
⭐️Personal comments NOVA:
The market is mainly sideways and accumulating, under selling pressure below 3300 due to the US-China trade negotiations taking place today.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3350- 3352 SL 3357
TP1: $3340
TP2: $3330
TP3: $3320
🔥BUY GOLD zone: $3276- $3274 SL $3269
TP1: $3285
TP2: $3300
TP3: $3312
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable sell order.
⭐️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
Futures market
XAUUSD Analysis – From Bullish Momentum to Target🔍 Overview:
Gold has officially broken its ascending trendline, signaling a shift in market structure from bullish to bearish. This trendline acted as dynamic support for days, but its breakdown has opened the doors to potential downside movement. We're now in a phase where lower highs and lower lows are forming — a classic bearish signal.
📌 Key Levels & Price Zones:
🔻 Trendline Breakdown
A strong upward trendline was broken, confirming that bullish momentum has weakened. The trendline break was followed by aggressive bearish candles, signaling that sellers are gaining strength.
🔄 SR Interchange Zone (~3,322 – 3,330)
This area once acted as strong support and has now flipped to resistance. It’s a key level to watch for rejections or false breakouts. As long as the price stays below it, the bias remains bearish.
🔽 Mini Support Zone (~3,345 – 3,350)
A weak support area that could be retested. If price fails to hold above it, sellers will likely take over again.
⚠️ Minor CHoCH (~3,290)
This level marks the short-term structure shift. A breakdown here will confirm continuation to the downside. A short opportunity might present itself below this zone.
🌀 Next Reversal Zone (~3,275 – 3,280)
A potential demand area. Watch how the price reacts — this is where bulls might step in temporarily for a bounce or consolidation.
🚨 Major CHoCH (~3,265)
This is a critical support level. If it breaks, the entire bullish structure from early June is invalidated, opening the door to deeper retracement.
📈 Forecast Path:
Based on the price projection:
Expect lower highs to form.
If bearish momentum continues, we could see a breakdown below Minor CHoCH, targeting the Next Reversal Zone.
A clean break below 3,265 would signal a major trend change, confirming bearish control.
📊 Trade Ideas:
🔻 Short-Term Bearish Scenario:
Look for price to reject the SR Interchange or Mini Support zones.
Entry: After confirmation below 3,330
Targets: 3,290 → 3,275 → 3,265
SL: Above 3,350
🔼 Bullish Bounce Scenario:
If price reaches 3,275 and forms bullish confirmation (engulfing candle, divergence), we might see a short-term reversal.
Entry: On bullish candle close from support zone
Target: Back to 3,322 or higher
📅 Upcoming Events to Watch:
There are several U.S. economic data releases coming this week (marked on the chart). These can create sharp moves in XAUUSD, so manage your risk wisely.
✅ Final Thoughts:
Gold is at a key turning point. The breakdown from the trendline is significant, and structure now favors sellers — unless bulls reclaim critical levels. Wait for confirmation before entering, and always trade with proper risk management.
📌 Follow for more clean chart breakdowns, updates, and trade setups!
As predicted, gold continued to fall to the support zoneWorld gold price today
World gold price today increased slightly, with the spot gold price listed on Kitco around 3,317.85 USD/ounce, up 6.18 USD/ounce compared to early this morning. The last traded gold futures price was 3,338.2 USD/ounce, down 8.4 USD/ounce compared to early this morning.
World gold price experienced a volatile week when it continuously fluctuated within the range of 3,300 to 3,400 USD/ounce. But after all the fierce fluctuations, this precious metal returned to near the starting point at the end of the week, reflecting the indecision and waiting mentality of investors before the economic and geopolitical signals that have not yet been resolved.
Pay attention to the points I noted on the analysis.
Best regards, StarrOne !!!
XAU/USD THOUGHTSXAU/USD 1H - I am in prep of buying into this market after price trading us down to clear the gap in the market and the OB that was just below that. We have means to trade this market bullish now, its just a case of waiting for an entry.
Price traded down, rejected well and broke structure to the upside, telling us that enough Demand has been introduced to flip the balance in the market. I now want price to pullback fractally to give us a refined entry.
Price pulling back into our fractal area of Demand gives us another piece of confluence, it tells us that price is putting in clear bullish structure protecting the lows and breaking the highs.
By price pulling back down, its giving us a more refined entry with a better RR, setting our SL just below the zone we get involved in and our TP just below the last higher timeframe high.
USOIL Will Go Down From Resistance! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 64.869.
The above observations make me that the market will inevitably achieve 63.448 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Gold heavily pressuredTechnical analysis: Gold remains heavily pressured on now a #2-session / day basis as #3,327.80 - #3,335.80 final Support zone was compromised ahead of #3,300.80 benchmark in extension. #3,300.80 benchmark rejected the Price-action and prevented further pain on Gold, retracing the Price-action all the way towards my Resistance belt. The trend is approaching #3,327.80 point as I am expecting the first signs of wall of Resistance lines here starting at #3,327.80 where Hourly 4 chart’s Short-term first Resistance line rests. With stalled recovery on DX and Bond Yields soaring (Gold follows the movement with diagonal correlation) - I doubt that Gold has potential to slide more, but if does, I’ll be forced to change my Bullish Short-term perspective (very slim chances). It is important to understand that despite the heavy Selling pressure towards U.S. session, Gold has light Fundamental calendar so nothing is standing between Gold’s intention to pierce #3,327.80 Resistance at the moment on very Bullish Hourly 1 chart Technicals (chart I make my calculations on). Price-action has successfully tested the estimated Support zone and nicely formed strong Bottom which won’t be invalidated without serious cause. #3,300.80 - #3,302.80 represents Lower High’s Upper zone and according to the cycle, Lower High’s are usually areas where Selling sequence is usually rejected or stalled under.
My position: I am Highly satisfied with Friday’s NFP aftermath as I guessed nicely that upside surprise is expected and caught #2 excellent Selling orders on the way down as I was well aware that Price-action will correct all gains fueled with NFP outcome where Short-term Sellers appeared.
Rebound is a good opportunity to short goldGold gradually rebounded after touching 3295. The highest price has rebounded to 3338. Although the rebound has reached $43, the upward momentum is not strong during the rebound. Therefore, the current rebound cannot be confirmed as a reversal trend. Moreover, gold has not yet effectively broken through the 3330-3340 area. Gold is still weak in the short term. Gold still has the potential to fall after the rebound. It will at least retest the 3315-3305 area again.
Therefore, there is no need to fear the rebound of gold for the time being. The rebound of gold is a good opportunity to short gold. I think gold will at least retest the 3315-3305 area again, and even exceed expectations to the area around 3280. Shorting gold is the password for profit in the short term!
GOLD Best 2 Places For Sell Very Clear , Ready For 500 Pips ?Here is my opinion on gold on 2H T.F , we have a very good bearish price action and we have a very good retest for broken support and new res , so i think 3326.00 will be a very good place to sell and targeting 250 pips at least , also if the price go up a little 3350.00 will be the last place we can sell from it and targeting 500 pips .
Perfect prediction of Monday's opening trendGold opened near 3310 today, and fell under pressure after reaching a high of 3321, which was in line with our previous prediction of the short-selling layout in the 3320-25 area. We successfully entered the short order and successfully stopped profit at 3305. Then the market was supported and stabilized near 3296. We decisively went long and also realized profit.
From the current trend, the short-term suppression during the day is still focused on the 3320-3325 line, and the key suppression area is around 3338-3345. Gold closed in an inverted hammer shape last week. From a technical point of view, the rebound is still mainly short-selling. If you are not in a good rhythm in gold trading recently, welcome to communicate and reduce unnecessary trial and error.
【Short-term technical analysis】
The upper short-term pressure focuses on the 3320-3325 area. If it rebounds to this point, it will be short first and look for a decline. If it rises strongly to the 3338-3345 range, it will still be the focus of short positions. The lower support focuses on the 3295-3285 area. The overall strategy of "high-short-low-long" is maintained. It is not recommended to frequently chase orders in the middle position. Be patient and wait for key point signals. I will remind you of the specific entry and exit plan during the session. It is recommended to pay attention in time.
【Gold operation strategy】
1. Go short first at the rebound 3320-3325 line. If it touches the 3338-3345 area, you can cover your position and go short. The target is 3306-3295. If it breaks, continue to hold and look down.
GOLD → Hunt for liquidity ahead of continued correctionFX:XAUUSD is strengthening due to uncertainty while the dollar consolidates. Amid heightened volatility, a retest of the 3340 liquidity zone may form, and if buyers fail to keep the price above this zone, gold may form a correction
Demand for the dollar is supported by the rise in USD/JPY after soft comments on interest rates by Bank of Japan Governor Ueda. Gold is responding with a correction. Traders remain cautious ahead of the outcome of the second day of trade talks between the US and China in London. Donald Trump confirmed that dialogue with Beijing is continuing, but key differences remain. Investors are also awaiting US inflation data (CPI), which could determine the further dynamics of the dollar and gold. Meanwhile, inflation expectations in the US fell from 3.6% to 3.2% in May.
Technically, gold broke the structure and confirmed key resistance during the correction. A hunt for liquidity is possible before the decline continues towards the key target of 3275.
Resistance levels: 3340, 3361
Support levels: 3301, 3275
The price is forming a new trading range of 3340 - 3301 (3294). Before declining, especially if the fundamental background changes to positive as negotiations progress, gold may test the liquidity zone of 3340 and form a false breakout, which will trigger a continuation of the correction to 3275.
Best regards, R. Linda!
Silver breakout: Bullish, but divergentIntraday Update: Silver is at the 127% extension of the March 28th highs to April 7th lows, RSI is divergent which may stall the rally, but dips back to the 35.50 level should find buyers now.
Keep in mind we trade well above the long term 61.8% retracement still at 35.48
GOLD GOLD opens on liquidity demand floor on 15min chart and took 3295-3300 demand floor for uptick as early discussed on other gold chart.
3358-3365 hold a strong supply roof and a double top structure broken neckline will hold buyers @ 3358-3365 .if that layer is respected ,your buy profit will be taken. but if is broken you go long on retest of 3358-3365.
Gold, 10-Year Bond Yield, DXY, and Interest Rate Differential
1.Gold is trading around $3,324 after dipping into 3300-3295 per ounce on Asian session
The price remains elevated compared to historical levels, supported by inflation concerns, geopolitical risks, and strong central bank demand.
2. Relationship with 10-Year Bond Yield
The US 10-year Treasury yield is hovering near 4.5%, recently rising amid inflation worries and fiscal uncertainties.the boost from NFP took 10 year yield from 4.3% to 4.58% close of Friday .
Gold has an inverse relationship with real yields (nominal yields minus inflation expectations). Rising nominal yields increase the opportunity cost of holding non-yielding gold, generally pressuring gold prices lower.
However, if inflation expectations remain elevated, gold can still hold value as an inflation hedge despite rising nominal yields.
3. Relationship with DXY (US Dollar Index)
Gold and the DXY share a strong negative correlation because gold is priced in USD.
When the dollar strengthens, gold becomes more expensive in other currencies, reducing demand and pushing prices down.
Recent dollar strength on demand floor has weighed on gold, but persistent inflation, geopolitical tension ,political instability and safe-haven demand have limited gold’s downside.
4. Interest Rate Differential Impact
The interest rate differential between the US and other major economies affects capital flows and currency valuations, indirectly influencing gold.
Higher US rates relative to other countries tend to strengthen the dollar, pressuring gold. Conversely, narrowing differentials or expectations of Fed rate cuts can weaken the dollar and support gold prices.
Gold prices remain in a higher trading range ($3,000–$3,500) supported by inflation fears, geopolitical risks, and central bank buying.
Near-term pressure may come from rising bond yields and a strong dollar. Critical looks on over bought market would need a correction to set up a new buy rally.
The upcoming U.S. inflation data release on June 11, 2025 and Fed policy signals will be crucial in determining gold’s direction.
Core CPI m/m forecast: 0.3% (previous 0.2%)
CPI m/m forecast: 0.2% (previous 0.2%)
CPI y/y forecast: 2.5% (previous 2.3%)
How the Federal Reserve is likely to react if actual figures exceed forecasts:
(1)Monetary Policy Stance
The Fed’s May 2025 minutes emphasize a data-dependent approach, maintaining the federal funds rate at 4.25%–4.50% while carefully assessing incoming data and risks to inflation and employment.
If inflation prints come in higher than expected, especially core CPI and y/y CPI, it would signal persistent inflation pressures, potentially delaying or reducing the likelihood of imminent rate cuts.
(2)Possible Fed Response
The Fed may adopt a more cautious or hawkish tone in its June 17–18 meeting, signaling readiness to keep rates elevated longer or even consider further tightening if inflation remains sticky.
Policymakers could emphasize the need for “greater confidence” that inflation is on a sustainable downward path before easing monetary policy.
Market expectations for rate cuts later in 2025 could be pushed back or diminished, supporting higher bond yields and a stronger dollar.
(3)Market Implications
A stronger-than-forecast CPI print would likely boost the US dollar (DXY) as markets price in a prolonged high-rate environment.
Treasury yields, especially the 10-year yield, may rise reflecting increased inflation risk and delayed easing.
Conversely, gold and other inflation-sensitive assets may face selling pressure due to higher real yields and dollar strength.
Conclusion
Gold’s price dynamics in June 2025 are shaped by a tug-of-war between rising US 10 year Treasury yields and a strengthening dollar, which weigh on gold, and inflation concerns plus safe-haven demand, which support it. The interest rate differential reinforces dollar strength, typically bearish for gold, but ongoing macro uncertainties keep gold elevated as a strategic asset and store of value.
#gold #dollar
Platinum's Quiet Ascent: What Drives Its New Value?Platinum, often operating in the shadow of gold, has recently experienced a significant surge in value, reaching multi-year highs and capturing considerable investor attention. This resurgence is not arbitrary; it stems from a complex interplay of industrial demand, tightening supply, evolving geopolitical dynamics, and a notable shift in investment sentiment. Understanding these underlying forces becomes crucial for investors seeking to decipher the trajectory of this vital industrial precious metal.
A primary catalyst for platinum's price rally is its strong industrial utility, particularly within the automotive sector, where it remains indispensable for catalytic converters. While the rise of battery electric vehicles presents a long-term shift, the robust growth in hybrid vehicle production continues to sustain demand. Critically, the market faces persistent physical deficits, with supply consistently falling short of demand for the past two years, a trend projected to continue into 2025. Mine output struggles due to disruptions in key producing regions, such as South Africa and Zimbabwe, and secondary supply from recycling has proven insufficient to bridge the growing gap.
Geopolitics and strategic investment further amplify platinum's upward trajectory. China has emerged as a pivotal market, with a sharp rebound in demand as consumers increasingly favor platinum for both jewelry and investment amidst record gold prices. This strategic pivot by the world's largest consumer market is reshaping global platinum price discovery, supported by China's initiatives to develop new trading ecosystems and futures contracts. Concurrently, renewed investor confidence is evident in growing inflows into platinum Exchange-Traded Funds (ETFs) and robust physical buying, with anticipated lower borrowing costs also enhancing its appeal.
In essence, platinum's current rally reflects a powerful combination of tightening supply and resilient industrial demand, underscored by strategic shifts in major consumer markets and renewed investor interest. As above-ground stocks gradually deplete and the market anticipates continued deficits, platinum is poised for a sustained period of relevance, offering compelling prospects for those who recognize its multifaceted value proposition.
XAU/USD Bullish Setup Confirmed After Wave C CompletionXAU/USD has completed a classic five-wave impulsive structure to the upside, followed by a clear ABC corrective phase. The price action shows that wave (5) has topped, and the market has since retraced through a three-wave ABC correction inside a well-defined descending channel.
Currently, wave C appears to have found support right at the lower trendline of the broader ascending structure, signaling a potential completion of the correction and the beginning of a new bullish impulse.
The reaction from this level is strong, suggesting that buyers are stepping in to drive the next leg higher
Wave Count: 5-wave impulse up, followed by ABC correction
Structure: Wave C completed at key channel support
Momentum: Bullish recovery expected if price holds above recent swing low
T1: 3332.268
T2: 3354.078
SL: 3289.400
GOLD - at support ? Holds or not??#GOLD - well guys in today we have 3323-24 as a immediate n most important support of the day.
Keep close and if market thold it in that case we can expect a bounce from here.
Note: keep in mind that we will go for cut n reverse below that on confirmation.
Good luck
Trade wisely
Gold price analysis on June 9The D1 candle on Friday broke the sideways structure and confirmed the downtrend for Gold prices.
Gold prices pushed up quite high in today's Tokyo trading session after touching the Gap zone around 3395.
With this upward force, 3319 will be available at the end of the Asian session. This zone can wait for a reaction and SELL can return because this is the zone where the Sellers pushed the price down at the beginning of the session. The European session will pay more attention to the 3334 zone with a break out point that is also quite important. The upward force will be stopped by the Sellers at the daily resistance level around 3345.
SELL is following the trend and can sustain the profit far away, while the BUY points are considered to find the reaction wave to increase and correct. The first zone is 3295, the second zone is around 3275.
Wishing you a successful trading day
Bearishness Persist in Soybeans Despite Rebound HopesSince mid-May, soybean prices have traded sideways, whipsawed by weather shifts, trade tensions, and fluctuating demand cues.
Soybean prices began rallying on May 19, driven by optimism over U.S. trade deals, crop damage in Argentina from heavy rains, and strong soybean oil prices.
However, the momentum soon faded as U.S.-EU trade tensions resurfaced. Prices came under further pressure from weak export demand, rising competition from South America, and bearish U.S. biofuel mandates.
By 02/Jun, soybeans had fallen to a six-week low, weighed down by favorable U.S. crop weather, improved Brazilian production forecasts, and renewed U.S.-China tensions.
Over the last week, Bean prices inched higher, supported by firmer soybean oil prices and hopes of renewed US-China trade talks.
However, sentiment remains cautious amid policy uncertainty and robust planting progress. According to USDA data , 84% of the U.S. soybean crop was planted as of 1/Jun, above the five-year average of 80%.
TECHNICALS SIGNAL PERSISTENT BEARISH TREND WITH SLIGHT CHANCES OF A REVERSAL
On 2/Jun, soybean futures formed a bearish death cross, signalling potential downside momentum. Although prices have since rebounded, bearishness persists with the 21-day MA acting as a strong resistance.
The MACD reflects ongoing but easing bearish momentum, while the RSI sits just below its 14-day average, close to the neutral zone. These indicators suggest that price momentum is currently subdued.
OPTIONS DATA POINT TO MIXED SENTIMENT
For the week ending 27/May, Managed Money’s net long positioning in soybean futures surged by 190%, reflecting a 12.9% gain in longs and a 10% fall in shorts.
Despite the recent pullback in futures, skew (Up Var minus Down Var) has reached a YTD high, signalling higher demand for calls relative to puts.
Source: CME CVOL
Open Interest (“OI”) trends over the past week point to increased bearish positioning, with near-term contracts showing a notable rise in put OI. Longer-dated contracts reflect a similar pattern, although contracts expiring in July (OZSN5) and September (OZSU5) were notable exceptions.
Source: CME QuikStrike
HYPOTHETICAL TRADE SETUP
Despite some bullish drivers (US-China trade talks & Argentina crop risks), bearish forces prevail. These include strong US bean planting, improved Brazil forecasts, policy uncertainty, and rising put open interest in the near term.
Traders can express this view using CME Micro Soybean Futures, which are sized at one-tenth of standard contracts. This allows for a cost-effective way to express a short-term bullish stance.
Considering these dynamics, this paper posits a short position on CME Micro Soybean August futures (MZSQ25, expiring on 25/Jul).
• Entry: USc 1,048.5/Bushel
• Potential Profit: USc 1,027/Bushel (1,048.5 – 1,027 = 21.5) x 500/100 = USD 107.5
• Stop-Loss: USc 1,062/Bushel (1,048.5 – 1,062 = -13.5) x 500/100 = USD 67.5
• Reward-to-Risk Ratio: 1.6x
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Gold will make impulse up from support line of triangle to 3430Hello traders, I want share with you my opinion about Gold. Some days ago, price entered to triangle, where it made an upward impulse at once to the resistance line, breaking the resistance level. But then price turned around and in a short time declined back, breaking the resistance level one more time. Next, Gold continued to fall and reached the support line of the triangle. After this, it made an impulse up again and exited from the triangle pattern with broke the 3280 level. Price rose to the resistance level and then started to trade inside another triangle pattern. In this pattern, Gold dropped from the 3430 resistance level, which coincided with the resistance line, and dropped to the support line, breaking the 3280 level. After this movement, Gold turned around and started to grow, and later reached the 3280 level and broke it again. Then the price continued to grow and reached the resistance line of the triangle pattern, where at the moment continues to trades near. In my opinion, Gold can rebound from the support line of the triangle and rise to the resistance level, exiting from triangle pattern. For this case, my TP is 3430 level. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.