GOLD AWAITS NONFARM – BREAKOUT OR RETRACEMENT?

3 giorni fa

GOLD AWAITS NONFARM DATA ON 07/03 – WILL IT HIT A NEW ATH OR CONTINUE ITS RETRACEMENT?

📌 Market Overview
The global financial markets are on high alert as all eyes turn to the Nonfarm Payrolls (NFP) report – the most anticipated economic data of the month.

🔥 Geopolitical Tensions & Their Impact on Gold & USD (DXY):
US tariff policies against neighboring countries and China continue to fuel uncertainty.
DXY remains highly volatile, directly influencing Gold’s price movements.
Investors worldwide are waiting for NFP results to determine whether Gold will break to new all-time highs (ATH) or undergo another correction.
⚡ Expected Price Volatility:
Currently, Gold is trading sideways within a broad range of 2929 - 2892, holding this structure since the start of the week. Based on previous Nonfarm releases, Gold is expected to move 45 - 50 points today, possibly even 60 points! This presents high-profit potential for traders ready to react to a breakout.

📊 Key Support & Resistance Levels – Watch for the Breakout!
🔺 Key Resistance: 2920 - 2928 - 2943 - 2954
🔻 Key Support: 2892 - 2884 - 2872 - 2859 - 2838

🚀 Today's Game Plan:
Gold is still consolidating sideways, with no clear breakout yet.
Wait for a breakout confirmation, then follow the momentum.
I will update fresh insights right before the Nonfarm release for a more precise strategy.

🎯 Trading Strategy for the Day
🟢 BUY ZONE: 2874 - 2872
❌ SL: 2868
🎯 TP: 2878 - 2882 - 2886 - 2890 - 2895 - 2900

🔴 SELL ZONE: 2952 - 2954
❌ SL: 2958
🎯 TP: 2948 - 2944 - 2940 - 2935 - 2930

📌 Important Reminders
💥 Nonfarm will trigger extreme volatility today – expect strong liquidity grabs!
✔ Stick to TP/SL to protect your capital against unexpected market swings.
✔ Wait for the breakout confirmation before entering trades – avoid FOMO!
✔ Control emotions & manage risk carefully – today’s market could be a game-changer!

📢 Are you ready for today’s market action? Stay updated and execute your trades with precision! 🚀🔥

l’altro ieri

Trade attivo

📈 Technical Overview – Key Resistance & Support Levels
🔺 Resistance Levels to Watch:

2,929: Immediate resistance, breaking this could confirm bullish momentum.
2,943 - 2,954: Major resistance; if surpassed, Gold could aim for 2,970+.
🔻 Support Levels to Watch:

2,884: Closest support, breaking this could open further downside risks.
2,872 - 2,859: Strong support zone where buyers might step in.
2,840: Critical level if the Nonfarm report significantly boosts USD.
📉 Final Thoughts – What’s Next for Gold?
📊 The Nonfarm Payrolls report is expected to trigger high volatility, determining Gold's next major trend.
📉 If data is weaker than expected, USD may decline, pushing Gold above 2,929 toward 2,943 - 2,954.
📈 If data exceeds expectations, USD will strengthen, leading Gold to retest supports at 2,872 - 2,859 or lower at 2,840.

⚠ Traders should remain cautious, as price swings may occur before a clear trend is established. Risk management is crucial!

📢 What’s your prediction for Gold after Nonfarm? Drop your thoughts below! 🚀🔥