FPG XAUUSD Market Report June 9, 2025

XAUUSD traded around 3309.65 today, sliding lower after failing to sustain upside momentum near 3357. Price is now testing the confluence support at 3288.42, and a breakdown could expose further weakness in gold. The recent choppy consolidation highlights indecision amid lingering bullish bias.

Price action has been range-bound between 3433.27 resistance and 3176.50 support, with several failed breakout attempts in both directions. Currently, the market printed a strong bearish daily candle, retreating from the upper Bollinger Band and now testing the midline and short-term support at 3309.65. A close below this could shift bias bearish in the short term.

MACD (12,26,9) remains positive at 24.701, but histogram bars are shrinking, indicating fading bullish momentum. Meanwhile, price is oscillating near the 20-day EMA, showing neutrality. Bollinger Bands are relatively flat, supporting a consolidation narrative, though recent candles show a tilt toward bearish control.

Market Observation & Strategy Advice:

1. Resistance Levels: 3433.27 remains the dominant resistance level after repeated rejections in early May.

2. Support Zones: 3288.42 is key short-term support. A break below may lead to further downside toward 3176.50.

3. MACD Status: Positive reading at 24.701 but with weakening histogram, showing waning bullish strength.

4. Price Action Bias: A bearish daily candle at key support implies a potential downside break, but confirmation is required.

5. Trading Strategy Suggestions:

• Breakdown Setup: Watch for a decisive daily close below 3288.42 to initiate short positions toward the 3176 area.

• Neutral Bias Within Range: Range traders may consider long entries near 3176.50 support with stops below and targets near 3430.

• Upside Reclaim Trigger: A bullish bounce and close above 3357 could revive upward momentum toward 3433 resistance.

Market Performance:

Precious Metals Last Price % Change

XPTUSD 1,165.870 +0.03%

XAGUSD 36.01850 +0.12%

Todays Key Economic Calendar:

CN: Inflation Rate YoY

CN: Balance of Trade

CN: Exports & Imports YoY

Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.