xauusd weekly analysisGoldOANDA:XAUUSDrealmillionairefx **XAU/USD Weekly Analysis** *(June 2-13, 2025)* --- ### **LAST WEEK'S PERFORMANCE (June 2-6)** **Price Action:** - Weekly decline: **~2%** - Key levels: - Resistance: $3,355–$3,381 (61.8% Fibo) - Support: $3,272–$3,288 (38.2% Fibo) - Range: $3,291.50 (low) to $3,365 (high) - Close: Near $3,310–$3,316 **Key Drivers:** 1. **USD Strength**: Fiscal concerns (Senate tax bill debate adding $3.8T debt) 2. **Reduced Safe-Haven Demand**: Trump delayed EU tariffs to July 9 3. **Central Bank Caution**: Market awaited ECB/BoC decisions and U.S. jobs data --- ### **NEXT WEEK OUTLOOK (June 9-13)** **Critical Technical Levels:** | **Support** | **Resistance** | |-------------------|-------------------| | $3,272–$3,288 | $3,370–$3,375 | | $3,295 (SMA) | $3,381 (Key Breakout) | | $3,210–$3,214 | $3,400–$3,434 | **Fundamental Catalysts:** 1. **Central Banks**: - ECB Decision (June 12) → Dovish stance = USD strength - BoC Decision (June 11) → Rate cuts may boost USD 2. **U.S. Data**: - Non-Farm Payrolls (June 13) → Strong data = fewer Fed rate cuts 3. **Geopolitical Risks**: - Escalations in Ukraine/Middle East → Safe-haven demand 4. **U.S. Fiscal Policy**: Senate vote on $3.8T tax bill **Market Sentiment:** - **Bullish Case**: Break above $3,381 targets $3,500–$3,800 - **Bearish Risks**: Breakdown below $3,272 risks drop to $3,160 --- ### **TRADING STRATEGY** **Key Approaches:** - **🔺 Long Setup**: - Entry: Above $3,381 - Target: $3,500 - Stop-loss: $3,320 - **🔻 Short Setup**: - Entry: Below $3,272 - Target: $3,210 - Stop-loss: $3,310 - **Event Hedging**: Use options around ECB/BoC/NFP events **Risk Management Note:** > "Gold's trajectory hinges on USD dynamics and central bank guidance. A weekly close above $3,381 confirms bull trend resumption." --- ### **KEY EVENTS CALENDAR** | Date | Event | Impact Level | |------------|---------------------------|--------------| | June 11 | Bank of Canada Rate Decision | High | | June 12 | ECB Rate Decision | High | | June 13 | US Non-Farm Payrolls | Very High | | Mid-week | US Senate Tax Bill Vote | Moderate-High| --- **Conclusion:** Next week presents a binary setup for XAU/USD: - Break above **$3,381** opens path to $3,500+ - Failure to hold **$3,272** risks correction to $3,210 Prioritize risk management during high-impact events. The long-term uptrend remains intact but short-term direction depends on USD and central bank policy. for intra day traders and scalpers follow the range zone