$XAUt Rallies 5% — Is NFP About to Trigger the Correction? Gold has gained more than 5% in 48 hours and reclaimed $4,000, but now the story is reaching the area where I become more cautious. Price is testing the Resistance Zone($4,067-$4,122) after breaking a nearly two-month Descending Channel. The problem for me is that the breakout came without particularly strong volume. Gold could still make one final push toward ($4,150-$4,155), but tomorrow’s U.S. jobs report may decide what happens next. NFP is expected at 65K versus 29K previously, with wage growth forecast at 0.3%. I slightly favor a stronger report. If NFP comes above 100K with firm wages, the U.S. Dollar and yields could strengthen and increase bearish pressure on Gold. My downside levels are $4,066 first, then $4,015. A move toward $4,175 would weaken this scenario. Which comes first? 🔴 $4,015 🟢 $4,175 If you found this analysis useful, follow for more. #Gold