$XAU Gold maintains an upward trend
$XAU Gold is still maintaining an uptrend, with buyers active in the 4,242 POC area.
However, the market is entering a news-driven zone. If gold holds above 4,242 and breaks 4,304, then the bullish wave can continue. If price breaks below 4,223, the market may need a deeper pullback before buyers are drawn back in.
At the moment, I prefer to buy a confirmed retracement rather than chase price before the Non-Farm.
The trend is bullish.
The risk is news volatility.
The key is whether buyers can defend 4,242.
Entry:
Consider buying only if price retraces to 4,242 and shows a clear bullish rejection.
Stop Loss:
Below the POC of the buy zone, or below 4,223 (if the structure weakens).
Take Profit:
TP1: 4,304
TP2: 4,330
TP3: Only cautiously track higher targets if buyers can continue to hold and accept above the recent highs.
This setup follows the current bullish structure, but since Non-Farm employment data is about to be released, confirmation matters more than speed.
$XAU Gold is still maintaining an uptrend, with buyers active in the 4,242 POC area.
However, the market is entering a news-driven zone. If gold holds above 4,242 and breaks 4,304, then the bullish wave can continue. If price breaks below 4,223, the market may need a deeper pullback before buyers are drawn back in.
At the moment, I prefer to buy a confirmed retracement rather than chase price before the Non-Farm.
The trend is bullish.
The risk is news volatility.
The key is whether buyers can defend 4,242.
Entry:
Consider buying only if price retraces to 4,242 and shows a clear bullish rejection.
Stop Loss:
Below the POC of the buy zone, or below 4,223 (if the structure weakens).
Take Profit:
TP1: 4,304
TP2: 4,330
TP3: Only cautiously track higher targets if buyers can continue to hold and accept above the recent highs.
This setup follows the current bullish structure, but since Non-Farm employment data is about to be released, confirmation matters more than speed.