NF news and gold buying pressure

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Plan XAU day: 03 July 2025

Related Information:!!!

Gold prices (XAU/USD) are struggling to build on a modest intraday rebound from the $3,340 area, holding relatively steady near the upper boundary of the weekly range during the first half of the European session. Market participants appear cautious, opting to await the release of the US Nonfarm Payrolls (NFP) report for further clarity on the Federal Reserve’s (Fed) potential rate-cut trajectory. This data is expected to play a pivotal role in shaping near-term demand for the US Dollar (USD) and could provide significant directional impetus for the non-yielding yellow metal.

personal opinion:!!!

Weak DXY is still the driving force for gold price to increase and recover around 3400, along with NF news not very positive for USD

Important price zone to consider : !!!

SELL point: 3395 zone

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