🟡 XAUUSD Daily Market Analysis—June 6, 2025

Introduction

In the ever-evolving landscape of the gold market, understanding current trends and key indicators is crucial for traders and investors. As of today, the live price of gold (XAUUSD) stands at 3,374 USD. This comprehensive market analysis will delve into both the daily and 4-hour time frames, utilizing various technical indicators such as Fibonacci retracement levels, Exponential Moving Averages (EMA), RSI divergence, and Smart Money Concepts (SMC).

Market Analysis Overview

🔍 Support and Resistance Levels

Daily Time Frame:

• Support Levels:

  • 3,365 (Swing High) 📉

  • 3,245 (Swing Low) 📉
    

• Resistance Levels:

  • The key resistance level to watch is around 3,400 📈, where previous price action has shown significant selling pressure.
    

4-Hour Time Frame:

• Support Levels:

  • 3,350 (Recent Low) 📉

  • 3,300 (Psychological Level) 📉
    

• Resistance Levels:

  • 3,380 (Recent High) 📈

  • 3,400 (Round Number Resistance) 📈
    

📊 Fibonacci Retracement Levels

Using the daily swing levels, we can identify the Fibonacci retracement levels as follows:

• 0% Level: 3,374 (Current Price) 📍

• 23.6% Level: 3,350 📉

• 38.2% Level: 3,320 📉

• 61.8% Level: 3,290 📉

• 100% Level: 3,245 (Swing Low) 📉

These levels provide insight into potential reversal points based on historical price action.

📈 Exponential Moving Averages (EMA)

Daily Time Frame:

• EMA 50: 3,360

• EMA 100: 3,345

• EMA 200: 3,310

• EMA 400: 3,275
  

4-Hour Time Frame:

• EMA 50: 3,370

• EMA 100: 3,360

• EMA 200: 3,340

• EMA 400: 3,320
  

The EMAs indicate the overall trend direction, with shorter EMAs responding more quickly to price changes.

📉 RSI Divergence

Currently, the Relative Strength Index (RSI) shows a divergence on the daily time frame. While prices have reached new highs, the RSI has not confirmed this move, suggesting potential weakness in the uptrend. Traders should be cautious of possible reversals.

📦 Order Blocks

Order blocks are significant areas where institutional buying or selling has occurred. On the daily chart, a notable order block is located around 3,350, indicating strong buying interest. Conversely, the area around 3,400 has shown selling pressure.

🔄 MACD Analysis

The Moving Average Convergence Divergence (MACD) is currently in a bullish crossover on the daily time frame, suggesting upward momentum. However, the histogram is beginning to flatten, indicating that the momentum may be waning. Traders should monitor this closely for potential shifts in trend.

Summary of Key Levels

📊 Daily & 4-Hour Support and Resistance

• Daily Support: 3,365, 3,245 📉

• Daily Resistance: 3,400 📈

• 4-Hour Support: 3,350, 3,300 📉

• 4-Hour Resistance: 3,380, 3,400 📈
  

📈 Exponential Moving Average (EMA) Levels

• Daily EMA Levels:
  

  • EMA 50: 3,360

  • EMA 100: 3,345

  • EMA 200: 3,310

  • EMA 400: 3,275
    

• 4-Hour EMA Levels:
  

  • EMA 50: 3,370

  • EMA 100: 3,360

  • EMA 200: 3,340

  • EMA 400: 3,320
    

📅 Weekly Pivots

• Pivot Point: 3,360

• Resistance 1: 3,380 📈

• Support 1: 3,340 📉
  

📅 Daily Pivots

• Pivot Point: 3,370

• Resistance 1: 3,390 📈

• Support 1: 3,350 📉
  

📏 Fibonacci Retracement Levels

• 0% Level: 3,374 📍

• 23.6% Level: 3,350 📉

• 38.2% Level: 3,320 📉

• 61.8% Level: 3,290 📉

• 100% Level: 3,245 📉
  

📈 Fundamental Analysis and Upcoming USD News

Understanding the broader economic landscape is essential for trading gold. The upcoming U.S. Non-Farm Payroll (NFP) report, scheduled for next week, is a key event to watch. Historically, strong job growth can lead to a stronger USD, which may put downward pressure on gold prices. Conversely, weaker-than-expected job numbers could bolster gold as a safe haven asset.

Additionally, the Federal Reserve's interest rate decisions will also play a crucial role in shaping market sentiment. Traders should keep an eye on any announcements or economic indicators that could influence the USD and, consequently, the gold market.

Conclusion

In summary, the current market landscape for XAUUSD presents a mix of opportunities and challenges. With key support and resistance levels outlined, alongside critical indicators such as EMAs, RSI, and MACD, traders can better navigate the complexities of gold trading. As we approach significant economic events, remaining vigilant and adaptable will be vital for success in this dynamic market.