XAUUSD Slightly Up After Volatility: Analysis on 05/06/2025

The 1-hour TradingView chart for XAUUSD on 05/06/2025 shows gold prices trending slightly upward, currently trading around 3,373.885 USD/oz, up 0.03% (8.45 USD).
Prices experienced significant volatility recently, dropping to a low of around 3,220 USD/oz on 29/05 before surging to a peak of 3,375.315 USD/oz on 04/06, followed by a slight pullback.
Trading volume spiked notably during the price surge (03-04/06), indicating strong buying pressure, but tapered off during the correction, reflecting profit-taking.
Key resistance is currently at 3,375 USD/oz, with support at 3,326 USD/oz.
XAUUSD Trading Strategies
BUY XAUUSD around 3,365-3,368
Stoploss: 3,360
Take Profit : 3,372 .
SELL XAUUSD around 3,378-3,380 -
Stoploss: 3,385
Take Profit 1: 3,370
Note: Always set a Stoploss to manage risk.

Wishing you successful trades and a great day ahead! Stay informed and trade wisely.