Gold (XAU/USD) is approaching a major decision zone just before the highly anticipated NFP release. Price is reacting from a strong demand area (3,240–3,200), hinting at potential upside if momentum builds. A break above the descending trendline could fuel a rally toward 3,320 and 3,480.
However, a negative reaction to NFP might push gold down to test the deeper 3,168–3,134 support zone before bouncing.
This setup aligns perfectly with high-impact news – Follow for live updates and smart trade ideas during NFP!
However, a negative reaction to NFP might push gold down to test the deeper 3,168–3,134 support zone before bouncing.
This setup aligns perfectly with high-impact news – Follow for live updates and smart trade ideas during NFP!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.