GOLD Moves: Key Levels to Watch Today

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GOLD Analysis Overview

Current Market Levels:

  • The market is expected to sell off from the zone of 2780-2785.
  • A potential buy opportunity may arise from the zone of 2760-2755.


Intraday Trading Strategy:

  • Sell Zone: Monitor price action around 2780-2785 for potential short positions.
  • Buy Zone: Look for bullish signals around 2760-2755 for potential long entries.


Key Economic Indicator:

Non-Farm Payroll (NFP) Release: Scheduled for this Friday, which may significantly impact market volatility. Stay alert for potential price swings surrounding the announcement.

Trading Considerations:
  • Be cautious and prepare for increased volatility as NFP data is released.
  • Implement proper risk management strategies to mitigate potential losses.


Conclusion: If you find this analysis valuable, consider sharing it with your trading community to enhance collaborative insights.
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снимок

Gold buy now target : 2800
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