NF - Will it continue to help gold prices return above 3400?

6 giu

XAU / USD trend forecast JUNE 6, 2025

⚠️Gold prices trimmed earlier gains following reports of a constructive phone conversation between U.S. President Donald Trump and Chinese President Xi Jinping, during which the leaders primarily discussed trade-related matters. As of writing, XAU/USD is trading around $3,350, marking a modest decline of 0.72%.

President Trump described the call as positive on his social media platform, highlighting that discussions touched on the complexity of Rare Earth materials. He also mentioned that U.S. and Chinese delegations are expected to meet soon, with the venue yet to be finalized.

The encouraging tone of the dialogue improved overall market sentiment, leading to a pullback in gold prices as risk appetite strengthened. This came despite weaker-than-expected U.S. economic data, which could still reinforce expectations for a potential interest rate cut by the Federal Reserve later this year.

⚠️ Gold price is still maintaining an uptrend in H1 frame, the market is waiting for NF news today to continue to break through the 3400 mark.

🚨/// SELL XAU : zone 3402-3405

SL: 3410

TP: 50 - 100 - 300pips ( 3375 )

🚨/// BUY XAU : zone 3296-3293

SL: 3288

TP: 50 - 100 - 300pips ( 3323)


Safe and profitable trading

6 giu

Trade attivo

Gold price fell 3320 after the US employment data increased. Continue accumulation

7 giu

Trade chiuso: obiettivo raggiunto

Selling pressure at the end of the week caused gold prices to return to 3310, a long-term accumulation price zone.