📊 Market Overview:

Spot gold (XAU/USD) is currently trading around $4,261/oz, maintaining its bullish momentum as the U.S. dollar and Treasury yields weaken. Safe-haven demand continues to support prices while investors await the U.S. Nonfarm Payrolls (NFP) report for clues on the Federal Reserve's next policy move. A weaker-than-expected jobs report could provide further upside for gold.

📉 Technical Analysis:

Key Resistance:
$4,270 – $4,275
$4,290 – $4,300

Nearest Support:
$4,245 – $4,250
$4,220 – $4,225

EMA: Price remains above the EMA 9 (H1), indicating a short-term bullish trend.

Candlestick / Volume / Momentum:
H1 candles continue forming higher highs and higher lows, showing buyers remain in control.
Trading volume is steady with no significant distribution signals.
Bullish momentum remains strong, although price is approaching the $4,270 resistance, where short-term volatility may occur before a breakout.

📌 Outlook:

Gold may continue rising in the short term if it breaks and holds above $4,270. The next upside target is $4,290–$4,300. Otherwise, failure to break this resistance could trigger a pullback toward $4,245 before establishing the next trend.

💡 Suggested Trading Strategy:

🔻 SELL XAU/USD: 4,273 – 4,275
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,281

🔺 BUY XAU/USD: 4,223 – 4,220
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,215