Gold Braces for NFP Volatility
Resistance
🔴 **Nearest Resistance: 4,281 – 4,300**
* This is the price zone where the recent strong rally was rejected.
* If price revisits this area and forms a bearish reversal candlestick pattern (such as a Pin Bar or Bearish Engulfing), the probability of a pullback will increase.
🔵 **Major Resistance: 4,340 – 4,357**
* This is a key Supply/Resistance zone identified on the chart.
* It is also close to the **1.618 Fibonacci Extension level (4,324)**.
* If price breaks above 4,300, the next upside target will be the 4,340–4,357 resistance zone.
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Support
🟢 **Support 1: 4,190 – 4,200**
* This is the first support zone following the recent breakout.
* Price may retest this area before continuing its bullish trend.
🟢 **Support 2: 4,100 – 4,120**
* This is a strong demand zone and the previous breakout area.
* If the market experiences a deeper correction, this will be an important zone to watch for potential Buy opportunities.
🟢 **Trend Support**
* The ascending trendline remains intact.
* As long as price stays above this trendline, the H4 trend remains bullish.
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TRADING PLAN
BUY GOLD: **4200 – 4198**
**Stop Loss:** 4190
**Take Profit:**
* TP1: +200 pips
* TP2: +500 pips
* TP3: +1000 pips
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SELL GOLD: **4348 – 4350**
**Stop Loss:** 4360
**Take Profit:**
* TP1: +200 pips
* TP2: +500 pips
* TP3: +1000 pips