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
NASDAQ 100 Rebounds Above Support, Eyes...
August 28, 2025
Market Insights
Gold Drops After $2,900–$3,000 Rejection...
February 28, 2025
Market Insights
US Tech 100 Consolidates in Bullish Flag...
July 25, 2025
Market Insights
OIL WEEKLY ANALYSIS
December 14, 2024
Market Insights
Dow Jones Holds Above Trendline Support,...
September 22, 2025
Market Insights
US30 Testing Key Resistance Near 42,930...
June 09, 2025
Market Insights
