🟡 XAUUSD Daily Market Analysis – June 4, 2025

Gold (XAUUSD) is trading at $3,354 today, reflecting a dynamic and volatile market environment. In this analysis, we’ll explore the daily and 4-hour timeframes, utilizing key indicators such as Fibonacci Retracement Levels, EMA (Exponential Moving Averages), RSI Divergence, Order Blocks, MACD, and Support & Resistance Levels. Additionally, we’ll examine how upcoming USD news could influence gold prices.

📊 Technical Analysis on Daily and 4-Hour Timeframes

1️⃣ Support & Resistance Levels

🗓️ Daily Timeframe

• Key Support Levels:

  • 🟢 $3,300

  • 🟢 $3,275
    

• Key Resistance Levels:

  • 🔴 $3,365 (Swing High)

  • 🔴 $3,385
    

⏱️ 4-Hour Timeframe

• Key Support Levels:

  • 🟢 $3,320

  • 🟢 $3,295
    

• Key Resistance Levels:

  • 🔴 $3,365

  • 🔴 $3,375
    

2️⃣ Fibonacci Retracement Levels

Using the Swing High of $3,365 and the Swing Low of $3,245, the following Fibonacci retracement levels are identified:

• 🔸 23.6% Retracement: $3,340

• 🔸 38.2% Retracement: $3,320

• 🔸 50% Retracement: $3,305

• 🔸 61.8% Retracement: $3,290

These levels represent potential zones for price reactions or reversals.

3️⃣ Exponential Moving Averages (EMA)

EMAs are essential for identifying trends and dynamic support/resistance zones.

🗓️ Daily Timeframe

• 📈 50 EMA: $3,325

• 📈 100 EMA: $3,300

• 📉 200 EMA: $3,275

• 📉 400 EMA: $3,250
  

The price is trading above the 50 EMA on the daily chart, indicating a bullish bias.

⏱️ 4-Hour Timeframe

• 📈 50 EMA: $3,340

• 📈 100 EMA: $3,320

• 📉 200 EMA: $3,300

• 📉 400 EMA: $3,280
  

On the 4-hour chart, the price remains above the 50 EMA and 100 EMA, reflecting short-term bullish momentum.

4️⃣ RSI Divergence

The Relative Strength Index (RSI) is a key momentum indicator.

🗓️ Daily Timeframe

• RSI is currently near 60, signaling moderate bullish momentum. No significant divergence is observed.
  

⏱️ 4-Hour Timeframe

• RSI shows a bearish divergence as the price makes higher highs while RSI declines, hinting at a potential short-term pullback.
  

5️⃣ Order Blocks

Order blocks are areas of institutional buying or selling.

🗓️ Daily Order Blocks

• 🟢 Bullish Order Block: $3,300–$3,310

• 🔴 Bearish Order Block: $3,365–$3,375
  

⏱️ 4-Hour Order Blocks

• 🟢 Bullish Order Block: $3,320–$3,330

• 🔴 Bearish Order Block: $3,365–$3,370
  

These zones are likely to act as strong areas of support and resistance./

6️⃣ MACD Analysis

The MACD indicator provides additional insight into momentum.

🗓️ Daily Timeframe

• A bullish crossover is observed, with the MACD line trending above the signal line, indicating upward momentum.
  

⏱️ 4-Hour Timeframe

• The MACD shows weakening bullish momentum, as the histogram starts to shrink. This aligns with the RSI divergence and hints at a potential short-term pullback.
  

📌 Key Levels Summary

🔑 Daily Support & Resistance

• 🟢 Support: $3,300, $3,275

• 🔴 Resistance: $3,365, $3,385

  
  

🔑 4-Hour Support & Resistance

• 🟢 Support: $3,320, $3,295

• 🔴 Resistance: $3,365, $3,375
  

📈 Exponential Moving Averages (EMA)

🗓️ Daily Timeframe

• 50 EMA: $3,325

• 100 EMA: $3,300

• 200 EMA: $3,275

• 400 EMA: $3,250
  

⏱️ 4-Hour Timeframe

• 50 EMA: $3,340

• 100 EMA: $3,320

• 200 EMA: $3,300

• 400 EMA: $3,280
  

📊 Weekly Pivots

• 🔴 Resistance 1 (R1): $3,375

• 🔸 Pivot Point (P): $3,320

• 🟢 Support 1 (S1): $3,290/

  
  

📊 Daily Pivots

• 🔴 Resistance 1 (R1): $3,365

• 🔸 Pivot Point (P): $3,335

• 🟢 Support 1 (S1): $3,310
  

🔢 Fibonacci Retracement Levels

• 23.6%: $3,340

• 38.2%: $3,320

• 50%: $3,305

• 61.8%: $3,290
  

🌍 Fundamental Analysis & Upcoming USD News

Gold prices are highly influenced by USD strength and macroeconomic data. This week, traders should focus on the following events:

1️⃣ Non-Farm Payrolls (NFP) – Scheduled for Friday, this report will provide insights into the U.S. labor market. A stronger-than-expected NFP could strengthen the USD, putting downward pressure on gold prices.

2️⃣ Federal Reserve Interest Rate Decision – Speculation around interest rate hikes continues to dominate the market. Hawkish Fed comments could lead to a stronger USD, negatively impacting gold.

3️⃣ ISM Services PMI – A higher-than-expected PMI reading could signal economic growth, boosting the USD and pressuring gold prices.

4️⃣ U.S. Treasury Yields – Rising treasury yields typically increase the opportunity cost of holding gold, leading to bearish sentiment.

📌 Fundamental Bias: While gold remains supported by its safe-haven appeal, a strong USD and rising yields could limit upside potential in the short term.

🎯 Conclusion

Gold (XAUUSD) is trading at $3,354, maintaining a bullish tone on the daily timeframe, but showing signs of potential short-term pullbacks on the 4-hour chart. Key levels to watch include $3,365 (resistance) and $3,300 (support). Traders should monitor Fibonacci retracement levels, EMA zones, and order blocks for potential entry and exit points.

From a fundamental perspective, upcoming USD news such as the NFP report and Fed rate decisions will play a pivotal role in shaping gold’s price action.