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Gold buy @ 2629.50 - 2627.50
Sl: 2624.50
Tp1: 2630.50
Tp2: 2632.50
Tp3: 2635.50
Tp4: 2639.50
Gold Price Outlook – Gold Market Continues to See Buyers
- Gold prices closed the week at $2,650.35, marking a recovery from earlier losses as traders prepared for critical U.S. economic data and Federal Reserve decisions. The upcoming Non-Farm Payrolls (NFP) report is expected to play a pivotal role in shaping market sentiment. Last month’s payroll growth of just 12,000, affected by temporary factors like Hurricane Milton, raised expectations for a rebound. Consensus estimates suggest job gains of around 220,000 and an unemployment rate of 4.2%.
- A stronger-than-expected NFP report could reduce the likelihood of a December rate cut, boosting the dollar and pressuring gold prices by increasing the opportunity cost of holding non-yielding assets. Conversely, weaker data could fuel expectations for a dovish Federal Reserve, weakening the dollar and providing upward momentum for gold. Inflation remains a complicating factor, as last week’s Core PCE data indicated persistent inflationary pressures, challenging the Fed’s ability to move aggressively toward rate cuts. However, market expectations still favor a 25-basis-point reduction, currently priced at 66%.
- Geopolitical risks continue to support gold as a safe-haven asset. While optimism over ceasefire talks in the Middle East subdued demand earlier in the week, ongoing conflicts, such as the Russia-Ukraine war, remain a source of uncertainty. This backdrop offers strong support for gold, particularly in times of risk aversion. Additionally, sustained central bank buying by major players like China, Russia, and India reinforces long-term demand for the metal.
- Technically, gold is trading near critical levels. Resistance is evident around $2,663, with a sustained move above this level signaling potential for further gains. Conversely, strong support at $2,631 provides a floor for prices. A break below could trigger further consolidation, but this is unlikely given the current geopolitical and economic environment. Traders should expect heightened volatility!
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HELLO AND GOOD MORNING TO ALL MY BELOVED FIGHTERS! ❤️
Today we have entered the new month to trade guys ! Is everybody ready to make money again today ?!!! Here i want to remind you guys once again, if you guys want to layer for a setups make sure you guys don’t layer in one place , that’s the reason why i give zone for every setups.
And always to calculate the risk and reward for every setups that you entry . If price moves 15-20 pips you can secure layer and leave 1/2 layer with breakeven because this can help you to profit more !
Last , please do watch your money management guys ! In trading SL is normal but DO NOT MC(MARGIN CALL) !
That the picture i shared above is PENNANT FLAG candle stick pattern ! This pattern is similar to bullish flag pattern, just that the flag is pennant! So when you see this pattern you knew that price is doing reversal from sell to buy ! The higher the tf it appears the stronger the confirmation to find buy !
Stay Tuned Fighters and be alert fighters 🫵🏻💥
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Details required
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Btc or usdt address for receiving Returns
KEEP YOUR INVESTMENT COMING BUDDIES
SEND YOUR DETAILS:
NAME
EMAIL ADDRESS
COUNTRY OF RESIDENCE
BTC OR USDT WALLET ADDRESS FOR RECEIVING RETURNS
#INVEST AND #EARN 💰 💶💶💶
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