Why is the 147k Beat in Payrolls Data Not as Strong as it Seems?Yesterday’s U.S. nonfarm payrolls report came in above expectations, but a closer look at the details reveals a less encouraging picture. Despite the headline beat, market reactions quickly faded. For instance, gold initially dropped from 3350 to 3311 in the first 15 minutes after the release but has since recovered more than 75% of that decline. So why is the June jobs report not as strong as it first appeared?
According to the BLS report, nonfarm payrolls increased by 147k in June, surpassing the consensus estimate of 106k. However, when breaking down the numbers, private payrolls rose by just 74k, well below expectations. Most of the gains came from government and healthcare hiring. Government jobs accounted for 73k new positions, and 63k of those came from the education sector alone.
Some analysts suggest the high net hiring in education may be due more to a lack of firings, a consequence of a tight labor market in that sector. Meanwhile, the 59k increase in healthcare jobs is part of a long-term trend. Over the past two years, the U.S. has added an average of 70k healthcare jobs per month. This growth is largely driven by the needs of an aging population and reduced payrolls during and after the pandemic that have yet to fully recover.
If you exclude government and healthcare hiring, U.S. payrolls increased by just 15k in June.
The unemployment rate also came in better than expected, falling to 4.1% from 4.2%, while markets had anticipated a rise to 4.3%. However, this decline was driven by a drop in the labor force participation rate, which fell to 62.3% from 62.6% in just two months , a worrying sign that fewer people are actively participating in the labor market.
In the first 15 minutes after the data came, gold fell to 3311 from 3350. In the following 18 hours, gold recaptures 85% of the loss. Gold is still over the broken bearish trendline in 1-H timeframe. With tariff deadline in 9th July and incoming 10-12 tariff letters coming in from Trump in the next few days, gold could have potential to go upwards with market understands this jobs data is not strong as it seems.
GOLD trade ideas
Gold Bullish Structure - Awaiting A RetestThat inverted head and shoulders pattern on is what is still giving me the confidence that the bulls will soon take over this market with a high probability of new All Time Highs.
At the moment however, I am patiently aways the possibility of a retest to the H4 demand zone as indicated by the downward pointing arrow. The bullish move might only happen in ful swing next week.
Plan for London on NFP Day (03.07.2025)⚠️ Disclaimer:
This is not financial advice. It’s simply my personal trade plan and analysis.
I just want to share knowledge for free – that’s all.
My concept is: Keep it simple, stupid.
Life is already complicated enough thanks to the people around me, so I prefer to keep things simple… at least when it comes to my charts. 😆
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📈 London Session Trade Plan (only for London session)
Resistance Zones
Zone 1: 3422 – 3410
Zone 2: 3394 – 3380
Support Zone
Zone 1: 3334 – 3327
Entry Strategy – I’m watching for 4 main scenarios:
1. Blue Arrow:
If price reaches Resistance Zone 1 → wait for clear PA (Price Action) on M15 or M30 → then look to Sell
2. Black Arrow:
If price reaches Resistance Zone 2 → wait for PA on M15 or M30 → then Sell
3. Red Arrow:
If price drops to Support Zone 1 → wait for PA on M15 or M30 → then Buy
4. Pink Arrow:
If price breaks below Support Zone 1 → wait for price to pull back → then Sell
(In this case, I’ll use Fibonacci to assist with entries – key levels: 50.0 and 61.8)
But for today, I give this scenario a lower win rate compared to my other techniques. So I’ve decided not to use this strategy for the London session.
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‼️Scenario 5 – Sideways Market
If price just keeps ranging inside the green circle and there's no clear PA → I will not react at all.
This is common before big events like NFP. No signal = No action.
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✅ Reminders to Myself:
I'm an intraday trader who separates sessions by market behavior.
Today is NFP day, and price often moves wildly and irrationally.
It's okay to stay out of the market.
When in doubt
GOLD 4H: structure broken - phase reversal beginsTwo key directional signals were recorded on the gold chart: first, a breakdown of the ascending channel, followed by a confident downward exit from the triangle with a clear fixation under the $3297 boundary. Both figures worked independently, but consistently - and strengthened the impulse towards selling.
The price has already gone beyond the lower boundary of the triangle ($3297), confirming the bearish scenario. Candlesticks closing under the level and local consolidation from below is a characteristic formation before the momentum continues.
Technical parameters:
- Channel breakout: completed
- Triangle breakout: $3297 level
- Retest from below: expected as confirmation
- EMAs reversed downwards, structure broken
- Volumes strengthened at the moment of breakout
Tactical plan:
- Sell after retest of $3297
- Targets on the move: $3248 and $3201
- Stop: above $3305 (above the area of false outs).
The current structure indicates the end of the accumulation phase and the beginning of the downward momentum. As long as the price holds below $3297 - shorts are the priority.
Focus on tomorrow’s non-farm payrolls!Gold hourly chart;
Gold short-term analysis; Gold 4-hour analysis shows that the stochastic indicator is golden cross, which is a bullish signal; MACD indicator double lines stick together upward, which is a bullish signal; 4-hour bias continues to rise; 4-hour downward trend channel is temporarily suppressed, and the pressure position is near 3355, which is the only empty point today; the short-term support position is temporarily near 3320;
Gold breaks trend – bullish wave returnsIn the most recent trading session, gold (XAUUSD) has made a strong rebound from the key support zone around $3,263 and is now approaching a short-term resistance near $3,347 – signaling a potential continuation of the bullish momentum in the short term.
1. Price Structure & Market Behavior After reaching a local top around $3,347–$3,350, gold entered a clear downtrend.
However, the breakout of the descending trendline (yellow line) with solid bullish candles is a strong reversal signal.
The market has formed higher highs and higher lows with strong bullish candles, confirming a V-shape reversal pattern from the bottom zone.
2. Key Support & Resistance Levels Immediate resistance: $3,347–$3,350 – previous rejection zone.
Short-term support: $3,308 – newly broken resistance now acting as support.
Major support: $3,263 – previous low with strong bullish bounce, highlighting significant buyer interest.
3. Suggested Trading Strategy Given the strong breakout and bullish trend structure, traders may consider a buy-the-dip strategy around $3,308–$3,315 on potential pullbacks.
Stop-loss should be placed below $3,263 to protect against false breakouts.
Short-term take-profit targets can be set at $3,350–$3,360. If this level breaks, extended targets could reach $3,375.
Volume & Momentum Volume is increasing along with price, confirming strong buyer participation.
Bullish candles are closing near highs, showing weak selling pressure and suggesting the uptrend may continue.
Conclusion: Gold has resumed a short-term uptrend after breaking its previous downtrend. Traders should favor bullish setups and look for pullbacks to enter at better prices. Watch the $3,347 zone closely – if gold breaks and holds above it, further upside is likely.
Gold technical analysis and operation suggestionsGold technical analysis and operation suggestions
Market review:
Yesterday, gold showed a bottoming-out and rebounding trend. It quickly dropped to 3250 in the Asian session and then stabilized and rebounded. It rose in the European and US sessions, reaching a high of 3296 before falling under pressure. After the US session stepped back to 3270 for the second time to confirm support, it accelerated to rise, breaking through the 3300 integer mark. The daily line closed with a bottoming-out and rebounding, indicating that the 3250 support is effective, and the short-term adjustment may come to an end.
Current trend:
Gold prices continued to rebound after opening today, and now hit the 3320 line. It is necessary to pay attention to the 3324 long-short watershed pressure. If it breaks through effectively, it will confirm the reversal, and you can step back and follow up with long orders; on the contrary, if it falls under pressure, consider arranging short orders at high levels.
Technical points:
4-hour chart: 3324 is the key long-short watershed, and the support below is 3295-3301 (yesterday's resistance conversion position).
Operation idea: high short and low long within the range, follow up after breaking through 3324.
Operation strategy:
Short order: 3321-24 light position short, stop loss 3332, target 3295-3301, hold after breaking down.
Long order: 3295-3301 stabilizes and goes long, stop loss 3287, target 3320-24, hold after breaking through.
Gold bulls rise, continue to go long after falling backBecause it broke through the key suppression of 3324, we can go long on the contrary. The upper long position target is 3348. Although many people insist on being bearish, we must grasp the trend of the market and analyze it with technical aspects as the main and news as the auxiliary. At present, long orders are already profitable. Be a person who makes comprehensive judgments and don’t be at a loss about market analysis because of stop loss. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with me!
From the 4-hour analysis, the upper focus is on the 3345 line of pressure, the lower short-term support is around 3314-3316, and the key support is 3295-3301. The overall support is based on this range to maintain the main tone of low-multiple participation. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market.
Gold operation strategy:
Gold is long at 3316-24, and it will be long at 3295-3303 when it falls back, with a stop loss at 3293 and a target at 3348. If it breaks, continue to hold;
Gold Breaks Key Resistance — Bullish Spike in FormationGold dropped to the 61% Fibonacci retracement level, aligning with the long-term ascending trendline, where it showed a strong bullish rejection.
Currently, price is breaking out of the descending channel and the 200 SMA, and is beginning to form a potential bullish spike formation.
If this pattern completes and breaks to the upside, we would have three confluencing technical signals pointing to a possible target area around $3,425.881.
📌 I’ll wait for a confirmed breakout of the bullish spike to look for long entries.
XAUUSD H1 I Bearish Drop Based on the H1 chart analysis, we can see that the price is trading near our sell entry at 33192, which is a pullback support.
Our take profit will be at 3297.07, a pullback support.
The stop loss will be placed at 3350.85, which is a swing high resistance.
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The latest analysis and layout of gold in July made a good start📰 News information:
1. Geopolitical situation
2. PMI data
📈 Technical Analysis:
Yesterday, we gave the idea of looking at the upper resistance of 3310-3320. The 4H pressure is still at 3327. As long as this key resistance level is not effectively broken, gold will fall again. On the contrary, if it stabilizes above 3327, the trend may reverse. In the short term, pay attention to the upper resistance of 3327. If it is not broken, you can short with a light position. If it falls below 3300-3290, consider going long.
🎯 Trading Points:
SELL 3310-3320
TP 3305-3300
BUY 3300-3290
TP 3310-3320-3350
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, confronting your mistakes, and strictly disciplining yourself. I hope my analysis can help you🌐.
TVC:GOLD FXOPEN:XAUUSD PEPPERSTONE:XAUUSD FOREXCOM:XAUUSD OANDA:XAUUSD TVC:GOLD
Trading Strategies Amid Geopolitical and Policy GamesToday's gold price rebounded above $3,280 after opening with a dive to a low of $3,247, showing a volatile trend.
Influencing Factors
- Geopolitics: The ceasefire between Israel and Iran earlier caused gold prices to fall, but Trump's threat to bomb Iran again and maintain sanctions has revived market risk aversion, supporting gold prices with some bargain hunting.
- Monetary Policy: Expectations for Fed rate cuts have fluctuated. The CME FedWatch Tool shows an 81.9% probability of unchanged rates in July and a 76% probability of a cumulative 25-basis-point cut by September. U.S. economic data (e.g., personal consumption expenditure) and tariff policies are influencing gold's trajectory.
- Capital Flows: Global gold ETF demand turned negative in May, with outflows led by North American and Asian funds, putting downward pressure on gold prices.
Technical Analysis
Gold rebounded after a pullback last week, closing with two consecutive weekly gains. The $3,300-$3,310 range is a key resistance zone: a firm break above could signal a short-term trend reversal, while failure to do so may lead to a test of $3,200. On the daily chart, moving averages are bearish, MACD forms a death cross below the zero axis with expanding green bars (indicating dominant bearish momentum), but RSI at 39 near oversold levels suggests potential short-term rebound for correction.
Trading Strategy
Short gold on a rebound to the $3,305-$3,310 resistance zone, setting a stop-loss at $3,320. Initial targets are $3,280-$3,290, where profits can be gradually taken based on price action and market sentiment. If the decline continues, adjust targets downward to around $3,250, and flexibly adapt to real-time market conditions.
XAUUSD
sell@3300~3310
SL:3320
TP:3290~3280-3270
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Gold Threatens Yearly Support- Bulls on NoticeGold is threatening a break of the yearly uptrend with Friday’s decline clearing the monthly range low. The focus into the start of the month is on technical support at the 5/29 swing low / May low-day close (LDC) 3240/45.
A break / close below this threshold would be needed to suggest a more significant correction is underway towards the 38.2% retracement of the November rally at 3132 and the 100% extension of the April decline at 3072- both areas of interest for possible downside exhaustion / price inflection IF reached. Resistance now at 3355/80 with a breach above the Record high-close at 3431 needed to mark resumption of the broader uptrend.
-MB
Gold’s Last Push🧠 MACRO OUTLOOK FOR GOLD
1. 📉 Central Bank Rate Sentiment (Macro Risk Bias: Neutral to Bullish Gold)
Central Bank Meeting Probable Move Cut Probability Hold Probability
Fed Jul 30 Hold 4.7% 95.3% ✅
RBA Jul 8 Cut 94% ❗
BoE Aug 7 Cut 80.8% ❗
ECB Jul 24 Hold 9.3% 90.7% ✅
BoC Jul 30 Hold 26.5% 73.5% ✅
RBNZ Jul 9 Hold 16.9% 83.1% ✅
✅ Most majors (Fed, ECB, BoC, RBNZ) are expected to hold — gold-friendly
❗RBA and BoE rate cuts ahead — mildly bullish for gold
2. 💸 FED CUT PROJECTION (Through End of 2025)
Jul: 93.3% chance to HOLD
Sep: 73.1% chance of CUT
Oct: 55.9% chance of CUT
Dec: 69.9% chance of CUT
🟡 Progressive rate cuts expected by year-end, favoring a longer-term bullish trend on gold
⚙️ VOLATILITY & IMPLIED RANGE (XAUUSD)
Implied Volatility: 14.09%
Range Estimate Value
1SD High 3355.38
2SD High 3385.78
3SD High 3414.87 🔺
1SD Low 3267.56
2SD Low 3237.73
3SD Low 3209.36
✳️ Key Resistance: 3385–3415
🛑 Key Support: 3237–3209
Current price at 3336.6 sits mid-range, slightly bullish
📰 FUNDAMENTAL NEWS REACTION (NFP & GOLD)
Date NFP Actual vs Forecast Gold Reaction
Jul 3 144k vs 126k forecast (Hot) 🔥 -200 ticks
Jun 6 139k vs 126k (Hot) 🔥 +36, -104 ticks
May 2 177k vs 138k (Hot) 🔥 -105 ticks
🔴 Gold reacted bearishly to strong NFP — Jobs > Forecast = USD strength → Gold weakness
🔍 MARKET FLOWS (MOC)
Index Buy Sell Net
NASDAQ 345M -86M +258M ✅
MAG7 113M -41M +72M ✅
S&P 500 1055M -1041M +13M
DOW 30 106M -168M -62M ❌
🟢 Risk-on sentiment visible from large NASDAQ & MAG7 inflows
🟡 Caution on S&P
🔴 DOW weak
This supports a mild bearish pressure on gold short-term due to risk appetite.
✅ CONCLUSION (For Gold Traders)
🔻Short-Term Outlook (This Week):
Bearish bias due to recent strong NFPs + net equity inflows
Rate cuts are delayed (Fed holding in July)
Expect gold to retest 1SD/2SD lows around 3267–3237 if USD strength persists
🔺Mid-Term Outlook (Q3-Q4 2025):
Dovish tilt from major banks (RBA, BoE, Fed by Sep-Dec) supports long-term gold upside
Key upside potential into 3385–3415 area if dollar weakens and yields drop
Monday Outlook on Gold (XAU/USD)My outlook for Monday is bearish at the start of the session, with price likely to drop toward the 3310–3300 area. This level aligns with a key discount zone inside the Gann box, and also overlaps with a 4H Fair Value Gap (FVG), making it a strong area of interest for potential long setups.
From that zone, I expect a bullish reaction, leading to a move back up to the trendline.
If the momentum continues, I anticipate a break of the trendline, followed by a retest, and then the beginning of a bullish trend.
I’ll be looking for confirmations around 3300 to position for the move higher.
Let’s see how Monday opens.
Monday Outlook on Gold (XAU/USD)In my opinion, we can expect a drop at the beginning of the week, with price potentially falling to the 3310–3300 zone. This area may act as a demand zone or liquidity pool, from where I expect a bullish reaction. After reaching that level, I anticipate the price to climb back up toward the trendline.
I’ll be watching for confirmations around 3300 for possible long entries.
Let’s see how the market opens on Monday.
6/7/25 Gold pre market outlook
as price showed a signs of bearishness (1H CHOCH)
short ideas as following:
the price managed to form a bearish flag. Therefore, what I want to see is breaking down the flag with 1H body candle close + Retest the lower trend line (on lower TF like 5M or 15M)
will enter the trade if getting a strong BOS targeting the lower bullish OB
If the price breaks up the flag, what I want to see after visiting the upper bearish OB is 1H body candle close below the bearish OB + Retest OB level on lower TF (5M or 15M) and will enter the trade after forming a strong lower TF choch targeting the lower bullish OB