Monday, 2 June 2025

XAUUSD / GOLD / GC - Long Term Analysis - 02-Jun-2025 - BULLISH SCENARIO

LTP: 3346

Supports: 3121/2955/2834

Resistances: 3436/3501

Immediate supports: 3245(34)/3119

As long as these supports hold, We can see more upside towards 4000/5000+++.



Upside target zones:

Immediate targets: 3364,3455

Min target: 3500-6321

Normal target: 3834-3955

Ultimate target: 4000-4170-4207-4370

Extension: 5000-5077


Bearish scenario:

If 3119 breaks, we can see downside towards 3000/2900/2750.


As of now, I am bullish (70:30) and expecting more upside.


https://in.tradingview.com/chart/XAUUSD/EauzEe19-XAUUSD-GOLD-GC-Long-Term-Analysis-02-Jun-2025-BULLISH/

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