GOLD 2025-06-05

It can be seen that after the breakout candle on Monday this week (June 2), Gold has not been able to expand its increase. The price has spent 2 days fluctuating within a wide range instead of expanding after the Break-out. This is showing a certain hesitation of the Buyers. After the strong bullish candle (breaking out of the range) of the US session yesterday, Gold is currently continuing to move within a narrow range, further showing the hesitation of the side around the old Resistance zone and approaching the round price zone of $3,400. Therefore, the strategies of continuing to Buy following the trend today will be difficult to execute because the price is likely to fall into the situation: Expanding in Asia and Europe to establish the peak of the day and decreasing mainly in the US session.

With the above bullish scenario, it will be very difficult to open a Buy position. Because it is almost only possible to Buy Break-out or Buy-Stop when a bullish candlestick pattern appears above $3,385 (breaking the current small price box). The recovery rate after breaking $3,385 is low because the price will "trigger" and increase rapidly. At the same time, when Gold increases and expands to around $3,400, it is necessary to be careful and not recommend continuing to Buy FOMO because the price can easily reverse when entering the US. Watch the price level of $3,409.9, the price can easily increase here and then decrease sharply, close the candle below $3,398, then see the establishment of the intraday price peak and can completely enter a bearish cycle afterwards.