XAUUSD: 6/3 Today's Market Analysis and Strategy

Gold technical analysis
Daily chart resistance 2957, support below 2892
Four-hour chart resistance 2930, support below 2887
One-hour chart resistance 2930, support below 2912

Gold news analysis: As the US tariffs on many countries continue to take effect, and more tariff plans for Europe and other countries are about to be implemented, gold's position as a safe-haven asset remains solid. Earlier this week, US President Trump imposed a 25% tariff on Canada and Mexico. However, to the surprise of the market, US Commerce Secretary Howard Lutnick hinted that some tariff relief may be provided to the two US neighbors. According to Bloomberg, Lutnick said in an interview with Fox Business Channel that there may be a way to reduce some tariffs. This news may put some pressure on the upward trend of gold prices in the short term. As tensions in the physical market ease, the extreme dislocation of gold prices is fading, indicating that the craze for shipping gold to the United States may have peaked. This change in supply and demand dynamics may also have an impact on the recent trend of gold prices. US Treasury yields have rebounded slightly, although there is still a long way to recover. The change of yield rate usually shows an opposite relationship with the gold price, which is also one of the factors that the market pays attention to.

Gold operation suggestion: Yesterday, gold experienced a wide range of long and short fluctuations in the volatile trading. The price rebounded slightly in the Asian and European sessions. The European session was suppressed below 2922 and fell back and fell. The US session accelerated downward and broke through the 2900 integer mark to reach 2894 and stabilized and began to rebound. Finally, it broke through the 2929 mark and began to fall and consolidate. The overall gold price formed a wide range of long and short fluctuations around the 2894-2929 mark.

From the current trend analysis, today's lower support continues to focus on the one-hour level 2912 first-line support and the daily level support 2892. The upper pressure focuses on the vicinity of 2930. Continue to rely on this range to participate in high selling and low buying during the day, and wait patiently for key points to enter the market.

Buy: 2892near. SL:2887 (can be entered repeatedly)

Buy: 2900near. SL:2895 (can be entered repeatedly)

Buy:2912near. SL:2908

Sell:2930near. SL:2935

トレード稼働中

Buy to take profit, wait for a low to continue buying

手動でトレードを終了しました

Did you follow today’s signal? My buying plan was accurate and profitable. I bought after the market stabilized, and today was another crazy profitable day.