XAUUSD: Market Analysis and Strategy for June 6

Gold technical analysis
Daily chart resistance 3412, support below 3322
Four-hour chart resistance 3367, support below 3350
One-hour chart resistance 3374, support below 3360

Gold news analysis: Gold fell sharply during the US trading session on Thursday. Although the slight rebound of the US dollar limited the upside of gold, the expectation of Fed rate cuts, lower US bond yields, US fiscal concerns, and trade and geopolitical risks still supported the strong gold price. The market is in a wait-and-see mood, with the focus on the upcoming NFP employment report. Technical indicators show that gold still has short-term upside potential, and breaking through $3385 will open up further upside space. The instability of the global economic environment, especially the unexpected contraction of the US service industry, the sluggish employment data and the impact of the Trump administration's new tariff policy, has provided strong impetus for the rise of gold. At the same time, the tension between major powers, the progress of EU-US trade negotiations, and the market's expectations of Fed rate cuts have further ignited the enthusiasm of the gold market, and the possibility of gold prices rising to the 3400 mark has increased.

Gold operation suggestions: From the current trend analysis, the support below focuses on the first-line support of 3350-3322, and the pressure above focuses on the one-hour level 3374 and the four-hour level 3412. The short-term long-short strength and weakness dividing line is 3350. Before the four-hour level falls below this position, continue to maintain the rhythm of buying on dips and look to 3412-3450-3500.

Buying strategy after breakthrough:
Buy: 3375near SL:3370

Buy: 3388near SL:3383

Buy: 3400near SL:3395