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Mainly due to the strengthening U.S. Dollar, gold GOLD prices dropped sharply from a nearly 4-week high, falling almost $30 in a single day on Tuesday, with a slight recovery during the Asian session today, Wednesday, June 4.The Dollar Index rebounded from its lowest level in over a month, reached during early Tuesday trading, and ended the day up 0.6%, exerting moderate pressure on gold during yesterday’s session.The Job Openings and Labor Turnover Survey (JOLTS) released by the U.S. Bureau of Labor Statistics on Tuesday showed that total job vacancies in the U.S. reached 7.39 million in April, up from 7.2 million in March. Economists had forecast 7.1 million job openings for April.Gold prices (XAUUSD) fell on Tuesday as the unexpected rise in U.S. job openings boosted risk appetite and strengthened the Dollar, according to Bloomberg. The increase in job vacancies encouraged investors to believe that the U.S. economy remains resilient despite the tariff agenda pushed by President Trump.Looking ahead, U.S. labor data, including Friday’s Non-Farm Payroll (NFP) report for May, could help guide the Federal Reserve’s monetary policy, Bloomberg noted. Lower interest rates are generally favorable for non-yielding assets like gold.Gold traders will be awaiting key employment data, including the ADP report and the NFP report, to determine the Fed’s policy direction.From a technical standpoint, there have been no significant changes on the chart or in the previous analyses, so readers can refer to the earlier publication linked below.

Gold XAUUSD is currently hovering around 3,354 after a sharp drop from the recent high of 3,391. Sellers pushed the price down to the key support zone at 3,334–3,335, but bearish momentum has clearly weakened. The price is moving sideways with small-bodied candles and low volume, indicating the market is “holding its breath” ahead of the European or US sessions or potential market-moving news.https://www.tradingview.com/x/ZGokJ0QH/If this support zone holds and we see a clear bullish signal (such as an engulfing or marubozu candle), it could be a good entry for a buy position, targeting 3,365–3,370 initially and then aiming for a retest of 3,391. A safe stop-loss can be placed below 3,330. However, if price breaks below 3,334 and closes beneath it, the market may enter a deeper correction phase, with potential downside targets at 3,320 or even 3,305.In short, this is a sensitive area where patience is key. Wait for clear confirmation before entering any trades, avoid rushing in, and stick strictly to your risk management rules.Wishing all traders a clear mind, sharp strategy, and profitable results!

Gold XAUUSD is currently in a strong uptrend, backed by both technical breakout and positive fundamentals. The price has decisively cleared the key resistance zone of $3,365–$3,370 and is hovering around $3,368. A healthy pullback to retest this zone could offer a high-probability long setup, with the next target projected at $3,470.On the macro side, renewed U.S.–China trade tensions—following Trump’s accusations and tariff threats—along with the ongoing Russia–Ukraine conflict, continue to fuel safe-haven demand for gold.https://www.tradingview.com/x/wDHj0TVO/Technically, the structure remains bullish. However, a breakdown below $3,335 would invalidate the current setup and may lead to a deeper correction.Let’s keep a close eye on this pullback zone. If momentum holds, gold could be gearing up for the next leg higher.Take care and trade smart

Gold jumped nearly 3% as President Trump announced plans to double tariffs on U.S. steel and aluminum imports to 50% starting June 4, fueling safe-haven demand and weakening the U.S. Dollar. The EU expressed strong regret and warned of potential countermeasures.The rally continued on Tuesday (June 3) as geopolitical tensions escalated. Ukraine launched its largest drone attack on Russian airbases, while Moscow responded with long-range strikes on Kyiv. These events, combined with weak U.S. ISM Manufacturing PMI (May: 48.5, lowest since Nov), added to market anxiety.https://www.tradingview.com/x/NFjtFcPH/Investors are watching the Fed’s upcoming statements for clues on rate direction. Lower interest rates and global instability continue to support gold’s bullish case.Technical Outlook – XAUUSDGold hit $3,371, then pulled back slightly, but remains on track to reach $3,400 soon. A short-term bullish channel is forming, and RSI above 50 suggests more upside potential.Pullbacks above the 21-day EMA and 0.382 Fibonacci level are likely temporary corrections or buy opportunities.Support: 3,326 – 3,300 – 3,292Resistance: 3,371 – 3,400 – 3,435

On the monthly chart, XAUUSD is forming an Inside Bar pattern, signaling that the market is compressing ahead of a potential strong move. May’s candle remains within April’s range – a classic setup that often precedes a decisive breakout.On the H4 timeframe, gold has attempted to break above recent highs multiple times but failed, forming a series of lower highs, indicating a corrective structure. However, the recent rebound from May’s low suggests potential accumulation is underway.Currently, price is hovering around a neutral zone. A clear break above the 3,400 level could spark a fast move toward the 3,500–3,600 range. Conversely, a drop below 3,120 would open the door for a deeper pullback toward 3,000.From a macro perspective, long-term fundamentals continue to support the bullish case for gold, driven by dovish central bank policies, geopolitical risks, and concerns about USD debasement. Still, a confirmed technical breakout is needed to establish direction in the near term.Strategy SummaryBuy zone to watch: 3,307 – 3,320Bullish trigger: Holding above 3,300Target: 3,435Risks: False breakouts or failure to hold above the breakout zone

If the upcoming PCE report shows that inflation continues to cool or comes in below expectations (e.g., core PCE under 0.2% m/m), this could reinforce market expectations that the Federal Reserve (Fed) may have room to begin cutting interest rates sooner—potentially as early as September instead of year-end.https://www.tradingview.com/x/5hxSxAj8/This would weaken the US dollar and push down Treasury yields, both of which typically support gold prices, as the opportunity cost of holding non-yielding assets like gold decreases.Short-term forecast:Gold may rebound to the $3,330 – $3,340/oz range.A breakout above the psychological resistance level of $3,345 could signal a medium-term uptrend.Trading volume is likely to rise as ETF funds begin accumulating positions again.Suggested strategy:Buy XAUUSD around the 3310 – 3313 areaStoploss: 3300Take Profit 1: 3325Take Profit 2: 3335Take Profit 3: 3345

Gold XAUUSD prices fell below $3,310 an ounce on Friday, on track for a weekly decline of more than 1%, as investors remained cautious ahead of the U.S. PCE inflation report, which could provide new insight into the Federal Reserve’s interest rate path.On Thursday, bullion prices rose nearly 1% after a federal appeals court allowed President Donald Trump's sweeping tariffs to temporarily take effect, just one day after the U.S. Court of International Trade blocked their implementation, deeming the method used to enact them "unlawful." Meanwhile, San Francisco Fed President Mary Daly said on Thursday that policymakers could still deliver two rate cuts this year, as expected in March, but emphasized that rates should remain steady for now to ensure inflation is on track to meet the Fed’s 2% target.XAUUSD GOLD Trading Strategy Around Price Levels:SELL XAUUSD GOLD around the 3326–3328 area Stoploss: 3333 Take Profit 1: 3322 Take Profit 2: 3317 Take Profit 3: 3310BUY XAUUSD around the 3278–3280 area Stoploss: 3273 Take Profit 1: 3284 Take Profit 2: 3289 Take Profit 3: 3295Note: Always set a Stoploss in all situations to ensure safety.

On Wednesday (local time), a U.S. federal court blocked the tariff policy announced by President Trump on April 2nd, known as "Liberation Day." The court ruled that Trump exceeded his authority by imposing broad tariffs on countries that export more goods to the U.S. than they import from the U.S.Analysis: This decision could ease global trade tensions in the short term, especially for major export markets to the U.S. such as China and the European Union. Investors may expect more stability in supply chains and reduced cost pressures from tariffs.Affected Stock Groups:Heavy industry and manufacturing companies, particularly in steel, aluminum, and chemicals, may benefit from the blocked tariffs.Technology, electronics, and consumer goods stocks with global supply chains could see reduced risks from increased tariff costs.Conversely, U.S.-based companies focused on domestic markets might face increased competition due to lower tariffs on imports.Investors should closely monitor political developments and any follow-up actions from the U.S. administration to adjust their strategies accordingly.

Price patterns are technical analysis tools that help identify price behavior on charts to predict future trends. Common patterns include continuation and reversal formations. Continuation patterns such as flags, triangles, and rectangles often appear during strong trends and indicate the likelihood of the trend continuing after a period of consolidation. Reversal patterns like head and shoulders, double tops and bottoms, and wedges signal potential changes in trend direction. Recognizing these patterns allows traders to optimize entry points, stop-loss levels, and take-profit targets. The clearer the pattern and the higher the timeframe it appears on, the more reliable it tends to be. However, no pattern guarantees success, so it's important to combine them with other factors like volume, support and resistance zones, and confirmation signals before making trading decisions. Each pattern has its own identifying characteristics such as shape, length, and breakout zones, so consistent observation and practice are essential. Price patterns not only assist in technical analysis but also reflect market psychology and crowd behavior. For best results, traders should combine pattern recognition with risk management and patiently wait for clear signals instead of reacting emotionally. A deep understanding of price patterns can increase the probability of success and reduce risk in the trading process.Wishing you effective trading and strong discipline!

The situation unfolded after President Donald Trump threatened to impose a 50% tariff on European goods starting June 1st—a move he later postponed to July 9th to allow more time for negotiations.However, sentiment remains cautious as investors closely monitor global developments—including the growing U.S. budget deficit, ongoing trade negotiations, and geopolitical tensions in the Middle East and Ukraine—all of which could influence gold's appeal as a safe-haven asset.Investors are currently awaiting the release of the latest FOMC meeting minutes on Wednesday and the PCE inflation data on Friday for further insight into the Federal Reserve’s interest rate outlook.https://www.tradingview.com/x/JQjRvXdx/XAUUSD Trading Strategy Around Key Price Levels:SELL XAUUSD around 3363–3365Stoploss: 3370Take Profit 1: 3358Take Profit 2: 3352Take Profit 3: 3348BUY XAUUSD around 3326–3328Stoploss: 3320Take Profit 1: 3332Take Profit 2: 3338Take Profit 3: 3342Note: Always set a Stoploss in all situations for safety.