Maintain bearish trend awaiting US NFP news✍ ✍ ✍ Gold news:
➡️Gold extended its correction ahead of Friday's Non-Farm Payrolls release, falling below $3,100 as markets remained volatile. Investors remained uncertain about the direction of the market following Trump's retaliatory tariff announcement. Meanwhile, gold continued to face profit-taking pressure while seeking support for its recovery.
Personal opinion:
➡️ With the upcoming NFP news, gold prices are expected to remain in a short-term downtrend zone pending this important news.
➡️Analysis based on important resistance - support zones and Fibonacci combined with trend lines and SAM to come up with a suitable strategy
Resistance zone: 3112– 3133 -3165
Support zone: 3079 - 3067 - 3058
Plan:
🔆Price Zone Setup:
👉Buy Gold 3077- 3079 (Scalping)
❌SL: 3074| ✅TP: 3082 – 3085 – 3090
👉Buy Gold 3058- 3060
❌SL: 3053| ✅TP: 3065 – 3070 – 3080
👉Sell Gold 3108 - 3110 (Scalping)
❌SL: 3115 | ✅TP: 3104 – 3100 – 3096
👉Sell Gold 3033- 3035
❌SL: 3140 | ✅TP: 3128 – 3122 – 3115
FM wishes you a successful trading day 💰💰💰