Today NFP Analysis Gold sell

Key Observations:

1. Resistance at ~2,912

Price is currently testing a resistance zone around 2,912.
There is a potential rejection from this level, as indicated by the red arrow, suggesting a possible pullback.

2. Support at ~2,880-2,869

A key support level is highlighted around 2,880-2,869.
If price breaks below 2,880, further downside pressure could push it towards 2,860 or lower.

3. Bearish Expectation:

If price struggles to break above 2,912, a double-top or lower high pattern could form, leading to a downward move.
Confirmation of bearish momentum will come if the price falls below 2,880, targeting the 2,860-2,850 range.

4. Bullish Counter-Scenario:

If the price holds above 2,880 and bounces, bulls may attempt to retest 2,912 and beyond.
A break above 2,920 could invalidate the bearish outlook, leading to further upside potential.