Gold Rises as Market Awaits Key U.S. Economic Data
Gold prices are pushing higher as investors position ahead of today’s major U.S. economic releases, including NFP and unemployment figures. Expectations of weaker data are supporting bullish sentiment.
Technical Outlook (XAU/USD):
Gold maintains a bullish structure as long as it trades above 3,342.
→ A push toward 3,365 is likely
→ A 1H close above 3,365 would open the path toward 3,375
However, if price closes below 3,342 on the 1H chart, bearish momentum may build, targeting 3,331 and 3,320
Key Levels:
• Resistance: 3,365 / 3,375 / 3,390
• Support: 3,341 / 3,331 / 3,320
Gold prices are pushing higher as investors position ahead of today’s major U.S. economic releases, including NFP and unemployment figures. Expectations of weaker data are supporting bullish sentiment.
Technical Outlook (XAU/USD):
Gold maintains a bullish structure as long as it trades above 3,342.
→ A push toward 3,365 is likely
→ A 1H close above 3,365 would open the path toward 3,375
However, if price closes below 3,342 on the 1H chart, bearish momentum may build, targeting 3,331 and 3,320
Key Levels:
• Resistance: 3,365 / 3,375 / 3,390
• Support: 3,341 / 3,331 / 3,320
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.