Bearish pressure below 3,300 at the start of the week

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📌 Driving Events
Gold prices (XAU/USD) faced renewed selling pressure in early Asian trading on Monday, falling to the $3,320 level. Gold's pullback came as stronger-than-expected U.S. nonfarm payrolls data for June reshaped market expectations for the Federal Reserve's (Fed) policy path. Investors are now turning their attention to the Federal Open Market Committee minutes, which will be released on Wednesday, for further guidance.

The U.S. added 147,000 jobs in June, better than expected and slightly higher than the revised 144,000 in May. Meanwhile, the unemployment rate remained stable at 4.1%. These data reinforce the view that the labor market remains resilient, reducing the likelihood of an imminent rate cut by the Federal Reserve. As a result, the U.S. dollar strengthened, weighing on non-yielding assets such as gold.

📊Comment Analysis

The decline at the beginning of the week, gold prices give up accumulation below 3300

💰Strategy Package

⭐️Set gold price:

🔥Sell gold area: 3337-3339 SL 3344
TP1: $3328
TP2: $3312
TP3: $3300

🔥Buy gold area: $3297-$3295 SL $3290
TP1: $3308
TP2: $3320
TP3: $3330

⭐️ Note: Labaron hopes that traders can properly manage their funds

- Choose the number of lots that matches your funds

- Profit is 4-7% of the fund account

- Stop loss is 1-3% of the fund account

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