🟡 Gold Intraday & Weekly Outlook — Friday, June 6, 2025

 

🔍 Fundamental Summary 

• 📉 US ADP Jobs Data (June 5): Significantly weaker than expected → market pricing in higher probability of Fed rate cuts.

• 🏦 Fed Sentiment: Dovish tone continues to dominate, with no signs of immediate hikes.

• 🌍 Geopolitical Risk: Russia’s intensified threat to Ukraine (“turn it into hell”) is raising safe-haven demand.

• 💰 Central Bank Activity: Continued evidence of gold accumulation, especially by Asian and Middle Eastern central banks.

• 💵 US Dollar Index Weakness: Favorable for gold as lower yields reduce opportunity cost.

 Fundamental Summary:

With rising global tensions, weak US data, and a dovish Fed, macro sentiment continues to support gold as a long-term safe haven.

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📊 Technical & SMC-Based Intraday Setup

🕯️ Price Action Review:

•  Thursday: Liquidity taken above daily high → rejection.

• Thursday: Price dropped and took out same day’s low → classic liquidity sweep.

• Friday Morning (Today): Again swept previous low, forming liquidity grab at $3364 zone (SBR level).

⚔️ Key Intraday Levels (approximate):

• SBR (Sell Before Rally) Zone: $3364 – acting as short-term resistance

• Downside Liquidity Pool: $3,330 – high-probability magnet

• Untapped FVG (Fair Value Gap): Below $3330 — ideal for long re-accumulation

📌 Strategy Zones:

• ✅ Buy Setup 1: If price breaks above $3,364 and pulls back into it → SBR becomes RBS (Support → Buy on Retest)

• ✅ Buy Setup 2: If price sweeps $3,330 liquidity + fills FVG, shows rejection → active long entry from that demand zone

📈 Market Structure:

• 1H: SMC-aligned liquidity sweeps and inducement patterns confirming smart money activity

🧠 Technical Summary:

Gold swept both upside and downside liquidity this week. Friday’s sweep below $3350 shows signs of re-accumulation; bullish confirmation needed either via SBR breakout or deeper sweep toward $3330 FVG.

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🎯 Today’s Trading Outlook (June 6, 2025)

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