📊 Market Overview:

Gold (XAU/USD) is currently trading around $4,060/oz, maintaining its recovery as the US dollar weakens slightly while safe-haven demand remains supported by ongoing geopolitical tensions. Market attention is focused on this week's US labor data (JOLTS, ADP, and Nonfarm Payrolls), which could influence expectations for the Federal Reserve's interest rate policy. If economic data comes in weaker than expected, gold is likely to receive further support.

📉 Technical Analysis:

• Key Resistance:

4,068 – 4,072 USD
4,080 – 4,088 USD

• Nearest Support:

4,050 – 4,045 USD
4,032 – 4,025 USD

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

• Candlestick / Volume / Momentum:

H1 candles continue to form higher lows, showing that buyers remain in control.
Trading volume is moderate, suggesting the market is waiting for fresh catalysts from upcoming US economic data.
RSI remains in neutral-to-bullish territory and is not yet overbought, while MACD maintains a bullish crossover, indicating upward momentum remains intact. However, the 4,070–4,080 USD zone is still a strong resistance that must be broken to confirm further upside.

📌 Outlook:

Gold could continue to rise in the short term if it decisively breaks above 4,070 USD with strong buying momentum. Otherwise, failure to break this resistance could trigger a pullback toward the 4,050–4,030 USD area before a new trend develops.

💡 Suggested Trading Strategy:

🔻 SELL XAU/USD: 4,070 – 4,073
🎯 TP: 40 / 80 / 200 pips
❌ SL: 4,078

🔺 BUY XAU/USD: 4,029 – 4,026
🎯 TP: 40 / 80 / 200 pips
❌ SL: 4,021