Gold oscillating within a range ahead of US NFP data release

Gold prices largely remained subdued between 2890-2924 range ahead of crucial US Non Farm Payroll Data releasing on Friday that could set a new trajectory for the yellow metal. Market participants are closely monitoring any new shift in Trump's tariff policies. A spinning top on the daily timeframe is indicating a possible reversal in the momentum. Additionally, there's a head and shoulder pattern formed on hourly chart of Gold signaling some caution ahead. However weekly trend suggests the yellow metal could move in the positive direction, fueled by a weakening Dollar. A successful breach of 2930 mark would take the prices further up. 


Gold Structure: Spinning Top on Daily, Consolidation on 4hr, H&S on 1hr.

Intraday Strategy/ Intraday Trend: Buy on Supports, Sell on Resistance/ Neutral

Weekly Trend: Neutral to Bullish

Major Resistance: 2910, 2917, 2928

Major Support: 2904, 2892, 2887

Recent News

Dow Jones Struggles Below $43,000 Resist...

March 07, 2025

Market Insights

Dow Jones (DJ30) Forms Rising Wedge Near...

September 24, 2025

Market Insights

US TECH 100 IN CRUCIAL WEDGE FORMATION B...

June 17, 2025

Market Insights

US Tech 100 Tests Key Support Zone Amid...

February 25, 2025

Market Insights

DOW JONES making a bullish flag in 1Hr t...

June 16, 2025

Market Insights

NASDAQ 100 Faces Pressure Near 23,336 Su...

September 02, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window