🟡 XAUUSD Analysis – May 2, 2025
Chart Overview:
Price is reacting near the 0.5–0.618 Fibonacci retracement zone (~3262–3275), a key supply area.
A bearish rejection candle is forming at 3264.51, showing resistance.
The projection curve on the chart suggests a potential pullback to the 0.236 (3232.76) or even 0 (3206.26) level.
🧠 Fundamental Catalyst (Today’s NFP):
If the NFP comes out weak (138K or lower) as expected:
USD may weaken → gold could break above 3275 and aim for 3294 or higher.
If NFP beats expectations significantly (e.g., above 200K):
Strong USD → This bearish setup could play out → Gold may drop toward 3232 or 3206.
📉 Signal (Short-term idea):
Bias: Bearish below 3275
Entry: Sell near 3265–3275 (supply zone)
TP1: 3232
TP2: 3206
Chart Overview:
Price is reacting near the 0.5–0.618 Fibonacci retracement zone (~3262–3275), a key supply area.
A bearish rejection candle is forming at 3264.51, showing resistance.
The projection curve on the chart suggests a potential pullback to the 0.236 (3232.76) or even 0 (3206.26) level.
🧠 Fundamental Catalyst (Today’s NFP):
If the NFP comes out weak (138K or lower) as expected:
USD may weaken → gold could break above 3275 and aim for 3294 or higher.
If NFP beats expectations significantly (e.g., above 200K):
Strong USD → This bearish setup could play out → Gold may drop toward 3232 or 3206.
📉 Signal (Short-term idea):
Bias: Bearish below 3275
Entry: Sell near 3265–3275 (supply zone)
TP1: 3232
TP2: 3206
Trade active
It was sell on the written on the wall.
Trade closed: target reached
The signal has reached it's target 3232, time to take all your profit here.
✅Free Telegram
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
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.
✅Free Telegram
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
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.