XAUUSD Swing Trade Plan (1-5 June 2026)

Wait 5 sec.

XAUUSD Swing Trade Plan (1-5 June 2026)Gold vs US DollarPEPPERSTONE:XAUUSDbearishbullishdeaftraderStrategy: Ichimoku Cloud Swing Trading Timeframe: 1H / 4H Confirmation 🟥 SELL Setup (Preferred Scenario) Entry Zone: 4550 – 4595 resistance area Stop Loss: Above 4605 (conservative) Above 4620 (safer) Take Profit Targets: TP1: 4520 TP2: 4480 TP3: 4433 TP4: 4366 Trade Idea: Wait for bearish rejection candles (Bearish Engulfing, Pin Bar, or Lower High formation) around resistance before entering. Risk-to-Reward Example Risk: ~50 points Reward: 150–500+ points Potential R:R = 1:3 to 1:10 🟩 BUY Setup (Breakout Scenario) Entry Zone: Buy only after a confirmed breakout and close above 4595 Stop Loss: Below 4560 Take Profit Targets: TP1: 4640 TP2: 4680 TP3: 4720 (extension target) Trade Idea: Avoid buying directly into resistance. Wait for: Breakout above 4595 Retest of the breakout level Bullish confirmation candle 📌 Notes 🔹 Resistance: 4595 → 4650 → 4680 🔹 Support: 4520 → 4480 → 4433 → 4366 Current Bias 🟠 Neutral → Slightly Bearish The Lagging Span is showing early weakness while price remains under key resistance. Sellers still have the advantage unless buyers can secure a clean breakout above 4595. Trading Rule: Sell resistance until resistance breaks. Buy only after confirmation, not anticipation.