Technical Analysis (XAUUSD)

The price of gold (3rd of June) was around1908.0USD/Ounceearly today. Under 1-hour-chart technical analysis, the candlestick rebounded sharply after the pullback yesterday (2nd). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1913.0~1915.0. The current supportlevel lies between1896.0~1898.0. Investors who wish to go long could consider buying between 1906.0~1908.0in the short-term and setting the stop loss below1903.0.

Technical Analysis (EURUSD):

The price of EUR/USD (3rd of June) was around 1.22102early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply as predicted yesterday (2nd), it then rebounded from the bottom. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between1.22300~1.22400. The current support level lies between1.21700~1.21800. Investors who wish to go long could consider buying between1.22000~1.22100in the short-term and setting the stop loss below 1.21850.

Technical Analysis (GBPUSD):

The price of GBP/USD (3rd of June) was around1.41694 early today. Under 1-hour-chart technical analysis, the candlestick plummeted as predicted yesterday (2nd), it then rebounded from the bottom. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.42100~1.42200. The current support level lies between1.41400~1.41500. Investors who wish to go long could consider buying between 1.41700~1.41800in the short-term and setting the stop loss below1.41550.

Technical Analysis (AUDUSD):

The price of AUD/USD (3rd of June) was around 0.77485early today. Under 1-hour-chart technical analysis, the candlestick rebounded again after the pullback yesterday (2nd). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after standing firmly on the middle band.

Currently, the short-swing upper resistance level lies between0.77800~0.77850. The current support level lies between0.77200~0.77250. Investors who wish to go long could consider buying between 0.77450~0.77500in the short-term and setting the stop loss below0.77350.

Technical Analysis (USOUSD):

The price of USO/USD (3rd of June) was around 68.66this morning. Under 1-hour-chart technical analysis, the candlestick continued rising yesterday (2nd). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between69.80~70.00. The current support level lies between67.90~68.10,. Investors who wish to go long could consider buying between 69.00~69.10in the short-term and setting the stop loss below 68.80.

Technical Analysis (Nas100):

The NASDAQ (3rd of June) was around 13687.0this morning. Under 1-hour-chart technical analysis, the candlestick rebounded again after a small retracement yesterday (2nd). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between13760.0~13780.0. The current support level lies between13620.0~13640.0. Investors who wish to go longcould consider buying between 13670.0~13690.0in the short-term and setting the stop loss below 13630.0.

Economic Calendar (3rd of June)

(Source: uk.investing.com: https://uk.investing.com/economic-calendar/)

 TimeCurrencyDataImportance
1.02:45CHY  Caixin Services PMI (May)★★
2.08:50EUR  French Services PMI (May)★★
3.08:55EUR  German Services PMI (May)★★
4.09:00EUR  Services PMI (May)★★
5.09:30GBP  Services PMI (May)★★★
6.12:30USD  Challenger Job Cuts (May)
7.13:15USD  ADP Nonfarm Employment Change (May)  ★★★
8.13:30USD  Initial Jobless Claims  ★★★
9.14:45USD  Services PMI (May)★★
10.15:00USD  ISM Non-Manufacturing PMI (May)★★★
11.15:30USD  Natural Gas Storage  
12.16:00USD  EIA Refinery Crude Runs (WoW)


(Importance: maximum three stars★★★)

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