Gold chart - Daily ideas for April 7th

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🔸 Market Snapshot
📉 Gold pulled back sharply on Friday after a surprisingly strong U.S. NFP report, which added 303,000 jobs — well above forecasts. This cooled immediate expectations for aggressive Fed rate cuts and pushed Treasury yields and the dollar higher, triggering a short-term correction in gold prices.

📊 After printing a fresh all-time high at $3168 last week, this drop is seen as a technical retracement, not a trend reversal. Powell’s speech echoed a cautious stance, reiterating a data-dependent path, which leaves room for renewed upside if inflation softens or geopolitical tensions escalate.

🌍 With Middle East tensions still brewing and demand for safe havens intact, many traders now eye 3015–2975 as a key demand zone for potential reaccumulation — setting the stage for the next leg toward 3200 and beyond.

🟩 BUY SCENARIO 1
📍 Entry: 3020–3015
🧠 Confluences: Bullish M15 FVG + Trendline Support + RSI Reversal
TP1: 3086
TP2: 3130
SL: 3008 (below swing low + OB invalidation)
📌 Look for bullish M5 CHoCH or strong reaction wick for sniper entry

🟩 BUY SCENARIO 2
📍 Entry: 2975–2965
🧠 Confluences: Untapped M30 OB + Imbalance Zone + D1 Demand
TP1: 3050
TP2: 3086
SL: 2958 (below OB + psychological 2960 level)
⚠️ Only valid if 3010 breaks and flushes into this zone. Let the price come to you.

🔻 SELL SCENARIO 1
📍 Entry: 3107–3115
🧠 Confluences: M15 OB + Unmitigated FVG + CHoCH after LH
TP1: 3030
TP2: 3010
SL: 3119 (above OB + intraday wick room)
📌 Look for M1–M5 bearish confirmation or rejection wick at OB

🔻 SELL SCENARIO 2
📍 Entry: 3135–3142
🧠 Confluences: Strong OB Zone + Premium Liquidity Grab + Equal Highs
TP1: 3086
TP2: 3020
SL: 3148 (above liquidity + OB invalidation)
⚠️ Still valid if price rallies fast – bonus confluence if RSI shows divergence

📌 Key Levels Recap:
🔹 3142 – Premium OB Zone
🔹 3115 – Intraday LH Rejection
🔹 3020 – Bullish FVG + Trendline Support
🔹 2965 – Deeper Demand Zone
🔹 2958 & 3148 – Final SL Protection Areas

📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.

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Trade active
🟩 BUY SCENARIO 2 - TP1 hit ✅ 850 pips

📍 Entry: 2975–2965
🧠 Confluences: Untapped M30 OB + Imbalance Zone + D1 Demand
TP1: 3050
TP2: 3086
SL: 2958 (below OB + psychological 2960 level)
Note
🟩 BUY SCENARIO 1 - TRADE ACTIVE RUNNING AT 250+ PIPS IN PROFIT✅
(part of the profit is locked in)
📍 Entry: 3020–3015
TP1: 3086
TP2: 3130
SL: 3008

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