🟡 Gold Intraday Outlook – June 5, 2025
🔹 Key Levels for Today
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Buy Zone: $3,350 – $3,355
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Sell Trigger: Break below $3,340
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Intraday Target: $3,390 (Upside), $3,315 (Downside if 3,340 fails)
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Resistance: $3,390 – $3,400
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Support: $3,350 (major), $3,330 (minor), $3,300 (psychological)
🔹 Intraday Strategy
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Bias: Neutral-Bullish
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Plan:
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Look for buy opportunities near $3,350 if price shows rejection and bullish candle confirmation.
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Sell setup activates if gold breaks and holds below $3,340 — momentum likely to accelerate toward $3,315–$3,300.
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Scalp range: $3,350–$3,390
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🔹 Sentiment Snapshot (Day Trader’s Lens)
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Institutional bias remains bullish – big players holding positions
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No major economic data releases today, so technical levels may dominate
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Expect short-term volatility due to pre-positioning ahead of Friday’s U.S. Jobs Report
🔹 Micro Fundamentals Influencing Intraday Action
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Central Bank Demand continues to support dips
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Geopolitical uncertainty (Russia-Ukraine & Middle East) provides risk-premium
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No new Fed signals, but rate cut hopes in Q3 keep buyers interested on dips
⚠️ Intraday Notes
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Watch for liquidity grabs near $3,340 – smart money may sweep that zone before any real move
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U.S. session may bring volume; stay agile
📍 Summary:
Today’s gold market is range-bound with intraday opportunities around $3,350 support. Stay disciplined, trade the level—not the noise.
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