XAUUSD Analysis
Market Awaits US Labor Data
Gold prices remain stable as the market closely monitors U.S. economic data this week, with the highlight being the U.S. non-farm payrolls report due on Friday.
Watch the Support Area
The price remains steady. A SELL opportunity may arise if the price breaks below the support area identified on the H1 timeframe.
Forecast: WEAK XAUUSD
Trading Plan
- SELL Area: 2641.75 – 2630.75
- Stop Loss (SL): 2670.56
- Take Profit (TP):
- TP1: 2605.92
- TP2: 2570.67
- TP3: 2534.26
Keep an eye on key levels and maintain a disciplined risk management strategy. Stay cautious and adapt to any significant market developments.