GOLD Amid NFP movement scenarios (Sensitivity!!!)

7月5日

Technical Analysis: Gold

The price pushed up and reached our target we mentioned yesterday which is 2365, and already stabilized above it.

Current Outlook:
The trend remains bullish today, with the price stabilizing above 2356. As long as it stays above these levels, it is expected to reach 2378.

Bullish Scenario:
As long as the price trades above 2356, it is likely to maintain a bullish trend towards 2378. A break above 2378 could extend the bullish trend to 2392.

Bearish Scenario:
A 4-hour or 1-hour candle closing below 2356 would indicate a downtrend, with the price expected to trade in the bearish zone between 2343 and 2337

Key Levels:
- Pivot Line: 2361
- Resistance Levels: 2378, 2387, 2397
- Support Levels: 2356, 2342, 2320

Today's Expected Range:
The price is anticipated to move between the support at 2342 and the resistance at 2379, with a bullish tendency.

NOTE:
Today NFP will affect the GOLD market
NFP Scenarios:
- Previous Result: 272K
- Expectation: 191K

If the NFP release is less than 191K, the Gold Market will follow a bullish scenario. Conversely, a result exceeding 191K, particularly around 250K, would likely lead to a bearish scenario.

previous idea:

7月5日

注释

the price reached our target and still running to get 2397, but stability under 2376 means will do a retest till 2365