Gold Reclaims 3300, Faces Heavy Resistance Ahead

6月1日

Gold surged after Monday’s market open, reclaiming the 3300 level, and has already made an initial attempt at the 3306–3312 resistance area, where the 2H MA60 lies. Short-term indicators have started to turn bullish, but several resistance levels lie ahead:

3306–3312: First major resistance

3326–3332: Next target resistance area

Around 3357: Previous gap zone, strong pressure

The upside is full of obstacles, and bulls will need strong momentum to push through.

Also, keep in mind:
Rapid upward moves are often followed by pullbacks. If the price retraces, pay attention to:

Support at 3288–3276

If this zone holds, further upside is likely

Watch for support/resistance role reversals:

A resistance level becomes support once broken

A support level becomes resistance once it breaks

Valid breakouts are confirmed when price stays above/below without immediate reversal

This is one of the most reliable and practical trading principles.

📉 Medium-Term Trend Still Bearish
The broader trend is still in a downward correction. Stay cautious and disciplined with short-term bullish moves.

📅 This week is loaded with key macroeconomic events, including:

PMI Manufacturing

ADP Employment

Non-Farm Payrolls (NFP)

Unemployment Rate

Fed-related speeches and economic commentary

Expect high volatility — great for profits if executed well, but dangerous if misjudged. Opportunities come with risks, so manage them wisely.

6月3日

交易進行

The first correction after the sharp rise of gold has been completed. Pay attention to the resistance when rebounding. The gap below is still a hidden danger. Be careful when trading long positions.