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Gold Spot / U.S. Dollar
Long
Updated

XAU/USD Bullish Reversal Setup – Eyeing 3425 Target.

250
📊 XAU/USD 1H Technical Outlook – 4 June 2025

🔸 Current Price: 3360.99
🔸 Bias: Bullish (Above 3350 support zone)
🔸 Resistance Zone: 3380–3392
🔸 Support Zone: 3332
🔸 Possible Target Area: 3425–3430
🔸 RR Potential: ~2.77%


🔍 Key Observations:

✅ Break of Structure (BOS) confirms bullish continuation
✅ Change of Character (CHoCH) near support area suggests bullish reversal
✅ RSI holding above 50 – shows strength in trend
✅ Ichimoku Cloud Support – price bounced off the cloud

📈 Trading Idea: If price holds above 3350–3360, we may see a continuation toward the 3425–3430 zone.
Break above 3392 (previous weak high) will be the confirmation for this move.

⚠️ As always, manage your risk and wait for confirmation before entering trades.

📚 This analysis is for educational purposes only – not financial advice.
Trade active
Trade hit 350 + pips In bullish Side price Breaks Resistance Area Now Focus on target.

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