{"id":1781,"date":"2025-06-02T19:50:29","date_gmt":"2025-06-02T19:50:29","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xauusd-weekly-forecast-3600-next-target-for-gold\/"},"modified":"2025-06-02T19:50:30","modified_gmt":"2025-06-02T19:50:30","slug":"xauusd-weekly-forecast-3600-next-target-for-gold","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xauusd-weekly-forecast-3600-next-target-for-gold\/","title":{"rendered":"XAUUSD weekly forecast: $3600 next target for gold?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Last week, Donald Trump\u2019s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/05\/25\/business\/trump-eu-tariff-delay\" target=\"_blank\">delay<\/a> on European tariffs marked the return of the bullish rally on gold, and this week, the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/06\/01\/ukraine-russia-war-drone-attack-siberia\/\" target=\"_blank\">escalation of war<\/a> between Ukraine and Russia, has further brought buying pressure in gold.<\/p>\n<p>Gold is now comfortably trading over $3350, and aiming for $3400 and possibly a new all-time high above $3500 as well.\u00a0<\/p>\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\">\n<p>Table of Contents<\/p>\n<nav>\n<ul>\n<li>Previous week\u2019s forecast recap of crypto.news<\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#key-economic-events-of-this-week\">Key economic events of this week<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#gold-htf-overview\">Gold HTF Overview<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#gold-forecast-for-june-2nd-to-june-6th\">Gold Forecast for June 2nd to June 6th<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#trading-strategies-investment-recommendation\">Trading Strategies &amp; Investment Recommendation<\/a><\/li>\n<\/ul>\n<\/nav>\n<\/div>\n<p>Similar to last week, the bias is gold is buy, upon retracement to specific levels.\u00a0 Let\u2019s discuss the key pivot levels for gold buying and selling in this XAUUSD weekly forecast of June 2nd to June 6th, 2025.<\/p>\n<h2 class=\"wp-block-heading\" id=\"previous-weeks-forecast-recap-of-crypto-news\">Previous week\u2019s forecast recap of crypto.news<\/h2>\n<p>In the previous week\u2019s forecast we gave a 4h zone as high probability for buys, which was from $3260-$3208. Price is now up 1100 points from that zone and has the potential to run to $3400 and beyond.<\/p>\n<figure class=\"wp-block-image\"><figcaption class=\"wp-element-caption\">XAUUSD 4h chart \u2013 Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tradingview.com\" target=\"_blank\">Tradingview<\/a><\/figcaption><\/figure>\n<p>Other levels shared in the last week\u2019s forecast have not hit yet, but they remain valid, so do keep an eye out for them as well.\u00a0<\/p>\n<p>Now let\u2019s start by discussing the key economic events of this week and their possible impact on the price of XAUUSD.<\/p>\n<h2 class=\"wp-block-heading\" id=\"key-economic-events-of-this-week\">Key economic events of this week<\/h2>\n<p>Some significant U.S. economic reports are scheduled for release this week that are expected to impact XAUUSD.\u00a0<\/p>\n<p><strong>Monday, June 2nd<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>ISM Manufacturing PMI\u00a0<\/li>\n<\/ul>\n<p>A higher-than-expected PMI may strengthen the USD and put downward pressure on gold.\u00a0 Gold prices would probably be supported by a weak reading.<\/p>\n<ul class=\"wp-block-list\">\n<li>Fed Chair Powell Speaks<\/li>\n<\/ul>\n<p>Powell may suggest aggressive policy or rate rises, which would cause the USD to rise and drive gold lower.\u00a0 Usually, gold would be lifted by dovish remarks.<\/p>\n<p><strong>Tuesday, June 3<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>Job Openings at JOLTS<\/li>\n<\/ul>\n<p>Increased job vacancies indicate a strong labor market, which would strengthen the USD and depress gold.\u00a0 Lower values might have the reverse effect.<\/p>\n<p><strong>Wednesday, June 4<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>ADP Non-Farm Employment Change<\/li>\n<\/ul>\n<p>Strong ADP data indicates labor strength, which weighs on gold and increases the USD. On the basis of recession fears, a miss might lead to gold buying.<\/p>\n<ul class=\"wp-block-list\">\n<li>ISM Services PMI<\/li>\n<\/ul>\n<p>Excellent services PMI supports bearish gold sentiment, optimistic USD sentiment, and economic resilience. The demand for gold is supported by a lower reading.<\/p>\n<p><strong>Thursday, June 5<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>Unemployment Claims<\/li>\n<\/ul>\n<p>Gold may suffer from fewer claims, which show the strength of labor.\u00a0 Growing claims may indicate economic strain and raise the price of gold.<\/p>\n<p><strong>Friday, June 6<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>Average Hourly Earnings m\/m<\/li>\n<\/ul>\n<p>Increased salaries indicate inflationary pressure, which could lead to Fed tightening bets (bearish on gold, bullish on the USD).<\/p>\n<ul class=\"wp-block-list\">\n<li>Non-Farm Employment Change\u00a0<\/li>\n<\/ul>\n<p>Gold declines and the dollar rises when the NFP report is strong. Weak numbers increase recession fears and are frequently positive for gold.<\/p>\n<ul class=\"wp-block-list\">\n<li>Unemployment Rate<\/li>\n<\/ul>\n<p>A decrease in unemployment is both good for the USD and bad for gold. Gold as a safe haven is usually supported by an increase.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\" id=\"gold-htf-overview\">Gold HTF Overview<\/h2>\n<p>After sweeping liquidity below $3200 level, gold has turned bullish and still targeting the same external liquidities of $3435 and $3500 respectively. Invalidation of this trade idea would be the break of $3120 level in the weekly timeframe.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/06\/1748893828_294_XAUUSD-weekly-forecast-3600-next-target-for-gold.png\" alt=\"XAUUSD weekly forecast: $3600 next target for gold? - 2\"><figcaption class=\"wp-element-caption\">XAUUSD 1w chart \u2013 Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tradingview.com\" target=\"_blank\">Tradingview<\/a><\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\" id=\"gold-forecast-for-june-2nd-to-june-6th\">Gold Forecast for June 2nd to June 6th<\/h2>\n<p>Gold is showing bullish momentum in all lower time frames which makes buying an ideal position to enter and hold.\u00a0<\/p>\n<p>In the 1 hour timeframe the strongest buying level is coming up at the weekly open, opening gap, and 1 hour structure level of $3303-3295.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/06\/1748893829_120_XAUUSD-weekly-forecast-3600-next-target-for-gold.png\" alt=\"XAUUSD weekly forecast: $3600 next target for gold? - 3\"><figcaption class=\"wp-element-caption\">XAUUSD 1h chart \u2013 Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tradingview.com\" target=\"_blank\">Tradingview<\/a><\/figcaption><\/figure>\n<p>On the 30m timeframe there is an immediate buying opportunity as well from the levels of $3325-3336. This is due to the 30 min FVG, and structure level.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/06\/1748893829_820_XAUUSD-weekly-forecast-3600-next-target-for-gold.png\" alt=\"XAUUSD weekly forecast: $3600 next target for gold? - 4\"><figcaption class=\"wp-element-caption\">XAUUSD 30m chart \u2013 Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tradingview.com\" target=\"_blank\">Tradingview<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\" id=\"trading-strategies-investment-recommendation\">Trading Strategies &amp; Investment Recommendation<\/h2>\n<p>To conclude, the safe strategy in gold is to look for buys in the lower time frame levels and the higher time frame levels as well. Selling is not recommended this week, as the risk to reward ratio may not be favorable for traders.<\/p>\n<h3 class=\"wp-block-heading\">Support Levels\u00a0<\/h3>\n<ul class=\"wp-block-list\">\n<li>$3325-3336\u00a0 \u2013 30m structure level and FVG\u00a0<\/li>\n<li>$3303-3295 \u2013 1hr structure level, weekly open, and opening gap<\/li>\n<\/ul>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Last week, Donald Trump\u2019s delay on European tariffs marked the return of the bullish rally on gold, and this week, the escalation of war between Ukraine and Russia, has further&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1781"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1781\/revisions"}],"predecessor-version":[{"id":1783,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1781\/revisions\/1783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1782"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}