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

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