Gold Ready to Explode Ahead of NFP and Trump’s “Super Bill”? | Global Macro Focus
🌍 MACRO UPDATE – What the World is Watching:
Gold continues its bullish trajectory as the USD weakens sharply following last night’s disappointing ADP jobs report (-33K vs expected +99K). This soft labour data has fueled further speculation that the Fed could begin rate cuts as early as September, with a 90% probability now being priced in.
In the political arena, Donald Trump’s recent statement that House Republicans are aligned to push forward a so-called “Super Bill” has triggered fresh uncertainty around US fiscal policy. This could elevate safe-haven demand for gold, especially if it leads to increased tensions over debt ceilings or government spending.
With the US Non-Farm Payrolls (NFP) due later today and the UK and US markets heading into a long weekend, traders should brace for heightened volatility and liquidity gaps.
📈 TECHNICAL OUTLOOK – What the Charts Are Saying:
Overall Trend: Bullish structure remains intact as gold breaks and holds above 3365.
EMA Setup: Price trades above EMA 13/34/89/200 – signaling strong upside momentum.
Fair Value Gap (FVG): 3374 – 3388 area remains an unfilled FVG zone; possible magnet for short-term price action.
Key Resistance Levels: 3365, 3374, 3380, 3388, 3393
Key Support Levels: 3343, 3335, 3325, 3316, 3304
Trendline & Structure: The ascending trendline from 3316 remains unbroken, providing a potential bounce point if price corrects.
🎯 TRADE SETUPS – Strategic Zones to Watch:
🔵 Buy (Short-Term Scalp):
Entry: 3335 – 3333
SL: 3329
TP: 3340 → 3350 → 3360 → 3370
🟢 Buy Zone (Swing Perspective):
Entry: 3316 – 3314
SL: 3310
TP: 3320 → 3336 → 3350 → 3360
🔴 Sell Scalp (Reversal Zone)
Entry: 3374 – 3376
SL: 3380
TP: 3370 → 3360 → 3350
⚠️ Sell Zone (High-Risk Rejection):
Entry: 3388 – 3390
SL: 3394
TP: 3380 → 3370 → 3360
🔎 NOTE FOR GLOBAL TRADERS:
With UK markets partially closed and US session shortened ahead of the Independence Day holiday, liquidity may be thin and volatility could spike unexpectedly. Always place stop-loss and avoid emotional entries near key resistance.
💬 Do you believe gold can break and close above the FVG zone (3388) before the weekend volatility hits full throttle? Let’s discuss.
🌍 MACRO UPDATE – What the World is Watching:
Gold continues its bullish trajectory as the USD weakens sharply following last night’s disappointing ADP jobs report (-33K vs expected +99K). This soft labour data has fueled further speculation that the Fed could begin rate cuts as early as September, with a 90% probability now being priced in.
In the political arena, Donald Trump’s recent statement that House Republicans are aligned to push forward a so-called “Super Bill” has triggered fresh uncertainty around US fiscal policy. This could elevate safe-haven demand for gold, especially if it leads to increased tensions over debt ceilings or government spending.
With the US Non-Farm Payrolls (NFP) due later today and the UK and US markets heading into a long weekend, traders should brace for heightened volatility and liquidity gaps.
📈 TECHNICAL OUTLOOK – What the Charts Are Saying:
Overall Trend: Bullish structure remains intact as gold breaks and holds above 3365.
EMA Setup: Price trades above EMA 13/34/89/200 – signaling strong upside momentum.
Fair Value Gap (FVG): 3374 – 3388 area remains an unfilled FVG zone; possible magnet for short-term price action.
Key Resistance Levels: 3365, 3374, 3380, 3388, 3393
Key Support Levels: 3343, 3335, 3325, 3316, 3304
Trendline & Structure: The ascending trendline from 3316 remains unbroken, providing a potential bounce point if price corrects.
🎯 TRADE SETUPS – Strategic Zones to Watch:
🔵 Buy (Short-Term Scalp):
Entry: 3335 – 3333
SL: 3329
TP: 3340 → 3350 → 3360 → 3370
🟢 Buy Zone (Swing Perspective):
Entry: 3316 – 3314
SL: 3310
TP: 3320 → 3336 → 3350 → 3360
🔴 Sell Scalp (Reversal Zone)
Entry: 3374 – 3376
SL: 3380
TP: 3370 → 3360 → 3350
⚠️ Sell Zone (High-Risk Rejection):
Entry: 3388 – 3390
SL: 3394
TP: 3380 → 3370 → 3360
🔎 NOTE FOR GLOBAL TRADERS:
With UK markets partially closed and US session shortened ahead of the Independence Day holiday, liquidity may be thin and volatility could spike unexpectedly. Always place stop-loss and avoid emotional entries near key resistance.
💬 Do you believe gold can break and close above the FVG zone (3388) before the weekend volatility hits full throttle? Let’s discuss.
Trade active
XAUUSD – Precision Entry at 3314 Delivers +200 Pips in Rapid Bounce✅ Buy Zone: 3314 – 3316
✅ Peak Target Hit: 3358
✅ Result: Over +200 pips captured in one sharp move
Gold dipped perfectly into our identified buy zone around 3314, tapping key liquidity before launching a decisive bullish reversal. The reaction confirmed not just a technical bounce — but smart money engagement right at demand.
🔍 Why It Worked:
EMA200 support aligned with key structural zone
Clear liquidity sweep beneath local lows
Fast recovery with strong bullish candle and volume surge
This setup exemplified how patience and technical confluence can yield high-probability trades — especially during volatile news sessions.
📌 Insight:
The most rewarding trades often come from uncomfortable zones — areas where most hesitate, but structure silently holds firm.
💬 Did you take this setup? Would you trust the same level again on a retest? Let’s break it down in the comments.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
byvn.net/t06K
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
byvn.net/t06K
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.