🔔 Gold Strategy Ahead of Key US Data (ADP & NFP) – Watch for Liquidity Traps!

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Gold bounced during the NY session as weak US labor data pushed the DXY lower, triggering a rebound on XAU/USD.

But Asian markets showed mild selling again — likely from fading geopolitical fears and cautious Asia-Pacific flow.

⏳ Today’s spotlight: ADP Employment Report — a leading signal before Friday’s Non-Farm Payrolls.

Expect sideways consolidation and liquidity traps on both sides as the market digests macro risk, especially with Bank Holidays in Asia & Europe tomorrow and monthly candle close today.

🔺 Key Resistance:

3328 – 3336 – 3352 – 3357 – 3366

🔻 Key Support:

3305 – 3292 – 3274

🎯 Trade Setups:

🔵 BUY Zone 1

Entry: 3292–3290 | SL: 3286

TPs: 3296 – 3300 – 3305 – 3310 – 3320 – 3330

🔵 BUY Zone 2

Entry: 3274–3276 | SL: 3270

TPs: 3284 – 3291 – 3301 – 3336

🔴 SELL Zone 1

Entry: 3350–3352 | SL: 3356

TPs: 3346 – 3342 – 3338 – 3334 – 3330 – 3320

🔴 SELL Zone 2

Entry: 3366–3368 | SL: 3372

TPs: 3362 – 3358 – 3354 – 3350 – 3345 – 3340

⚠️ Reminder:

End-of-month = high chance of fake breakouts, stop hunts, and liquidity sweeps.

Stay sharp. Stick to plan. Manage TP/SL wisely.

Volatility ahead. Trade smart.

#Gold #XAUUSD #Forex #NFP #ADP #LiquidityTrap

 

 

 

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