Day Gold trading strategy features first NonFarm ADP of the year

已更新
Gold Market Update and Trading Strategy

Yesterday, gold experienced another bustling trading session, climbing from 2633 to 2663 before sharply dropping back to 2642 following the release of positive U.S. economic data.

The PMI services data and job openings figures released yesterday were exceptionally strong, exceeding forecasts and indicating that the U.S. labor market and economy remain robust. This gives the Federal Reserve no reason to consider cutting interest rates, putting significant downward pressure on gold prices.

President Donald Trump also emphasized that inflation is currently very high and expected to continue rising. A high-inflation economy is an ideal environment for gold's growth. This explains why gold rebounded shortly after, stabilizing at the 2650 level.

Today, the ADP employment data is set to be released, marking the first major ADP report of the year. It is expected to have a notable impact on gold prices this week and potentially throughout the month.

Buyers have returned, driving the price closer to the previous peak of 2665. Currently, prices are stalling near the strong Monday resistance zone at 2649. Buyers are holding the upper hand as the H1 candlestick shows a long wick below the 2649 resistance area. If the candlestick closes above this level, early buy opportunities during the day are worth considering. Target price zones have been noted, but if volatility increases, we have more distant target levels for trading.

Trading Strategy

BUY ZONE: 2634 - 2632
SL: 2627
TP: 2640 - 2646 - 2650 - 2662 - 2670

SELL ZONE: 2688 - 2690
SL: 2694
TP: 2682 - 2678 - 2672 - 2668

Today’s key news highlights the importance of monitoring trading volume and strictly adhering to TP/SL levels to protect your account’s safety. Scalping zones for today have been listed on the chart for observation, but the primary focus should be on BUY opportunities. For SELL trades, wait for higher points before executing.

GOOD LUCK TO ALL!






交易开始
Updated plan to add resistance zone for US session and ADP NONFARM

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交易结束:到达目标
Scalping plan 2664 - 2666 reached 50 to 2659 today as said, the main thing is to buy so the sale will be short, just wait for nonfarm guys
Chart PatternsFundamental AnalysisTrend Analysisxauusdanalysisxauusdbuyxauusdideaxauusdlongxauusdsetupxauusdsignalxauusdtradexauusdtrendxauusdupdates

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❗️ DISCLAIMER: The content shared in the training program is designed for educational and informational purposes only, so the program is not a financial advice or a solution.
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