π₯GOLD H4 CHART
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CPI = VOLATILITY π₯π
Donβt chase the first move. Wait for confirmation and trade the reaction. π―
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π¨ NFP Day is here! Expect high volatility in Gold (XAU/USD) and major USD pairs. A stronger-than-expected report could boost the USD, while weak data may lift Gold. Wait for confirmationβdon't chase the first candle. π
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Gold 30m Chart π₯π¨
Price is Testing Key Intraday Resistance 4300$
No Strong Buying in this Zone from 4300$ to 4360$
Scalper's Ignore these Levels.
Major support - 4260 & 4220
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π₯ Central banks keep stacking Gold.
π΅π± Poland (+19t) & π¨π³ China (+15t) lead buying, while π·πΊ Russia (-9t) tops sellers. Long-term bullish for Gold.
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π₯GOLD H4 Update
Gold extends gains for a 3rd straight session after a bullish breakout.
πSupport: 4096β4100
π―Resistance: 4180 & 4202
Focus remains on the Strait of Hormuz developments and Fed rate expectations. π
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GOLD DAILY CHART AFTER DOVISH FED & BEFORE NFP πͺ
Triangle Pennant Pattern Breakout
H1 + H4 Candle body close above
4096/4100 now Support which was earlier Acting as resistance
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