📰 Market Overview
Gold delivered a strong breakout during yesterday’s New York session, escaping the sideways range it had been trapped in over the past two days.
As the market anticipates the monthly candle close along with key events like the ADP Employment Report and Non-Farm Payrolls later this week, volatility is expected to intensify.
🔥 Quick Recap
Following a period of heavy selling and consolidation, Gold successfully broke above the trendline and key resistance zone at 3300, rallying over 50 pips to reach the 335x region before pulling back toward 331x.
This movement likely completed Wave 3 on the M15–M30 timeframes, and the market is currently correcting into Wave 4.
There remains a strong probability that Gold will continue its bullish momentum today, aiming for the 3368 key resistance zone.
🛡 Key Technical Support Zones
3300 – Breakout point & major psychological support (critical for bulls).
3286–3278 – Untapped Fair Value Gap (FVG) zone (observe for reaction).
3270 – Final major support level within the current retracement range.
🚀 Key Resistance Levels to Watch
3328 – Continuation Pattern (CP) zone after pullback.
3352 – Yesterday’s Wave 3 top resistance.
3368 – Major resistance (0.5–0.618 Fibonacci retracement zone on higher timeframe).
3386 – Strong, unretested sell zone.
3400–3406 – Final resistance boundary; a breakout here could spark a powerful rally.
🎯 Trading Setup
🔵 Buy Setup 1
Entry Zone: 3300–3298
Stop Loss (SL): 3294
Take Profit (TP) Targets:
3304 – 3308 – 3312 – 3316 – 3320 – 3324 – 3328 – 3335
🔵 Buy Setup 2
Entry Zone: 3272–3270
Stop Loss (SL): 3265
Take Profit (TP) Targets:
3276 – 3280 – 3284 – 3288 – 3292 – 3300
🔴 Sell Setup (only if 3268 is reached)
Entry Zone: 3268–3270
Stop Loss (SL): 3274
Take Profit (TP) Targets:
3264 – 3260 – 3256 – 3252 – 3248 – 3244 – 3240
⚡️ Important Notes
Gold remains highly sensitive to this week’s economic data, especially ADP and Non-Farm Payrolls.
Prioritize strict risk management by adhering to TP/SL to protect your capital.
Expect increased volatility during today’s New York session—stay disciplined and manage your trades wisely.
