Tag: gold Prices

🔍 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. 📊 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. 🎯 Today's Trading Outlook (June 6, 2025) Bias Reason 🟢 Buy (Primary) Fed dovish tone, ADP miss, safe haven demand, liquidity sweep, smart money bullish structure 🔴 Caution on Shorts Price already rejected from SBR once; downside liquidity could magnetize again 🔄 Wait & Watch Zone Between $3,350–$3,364 — risky unless breakout or clear rejection occurs

Tag: gold Prices

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

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