Gold price towards 3400, continuing the uptrend

5 Jun

XAU / USD trend forecast JUNE 4, 2025

⚠️Gold prices advanced by more than 0.80% on Wednesday during the North American session, buoyed by the release of weaker-than-expected U.S. economic data. A slowdown in business activity and a softer-than-anticipated rise in employment figures provided upward momentum for XAU/USD, which was last seen trading around $3,382 after recovering from a daily low of $3,343.

Ongoing tensions between the United States and China also contributed to the rise in bullion prices. Persistent uncertainty surrounding the outcome of trade negotiations between Washington and Beijing, coupled with signs of economic moderation in the U.S., helped reinforce demand for gold as a traditional safe-haven asset.

Adding to the cautious sentiment, President Donald Trump signed an executive order to raise tariffs on steel and aluminum imports from 25% to 50%, effective June 4. This move comes just ahead of a scheduled phone conversation with Chinese President Xi Jinping later this week, further highlighting the delicate nature of global trade relations.

⚠️ The uptrend is continuing, economic data is very bad for the USD, DXY weakens helping gold prices grow.

🚨/// SELL XAU : zone 3410-3413

SL: 3418

TP: 50 - 100 - 300pips ( 3383 )

🚨/// BUY XAU : zone 3345-3342

SL: 3337

TP: 50 - 100 - 300pips ( 3372)


Safe and profitable trading

5 Jun

Dagangan aktif

Great trend increase , XAU touch 3403