Gold holding near $4,726 after a strong recovery this week. Up ~2% since Monday. But here's what I'm actually watching 👇
📰 News context (last 24h)
• Morgan Stanley drops $5,200 target – driven by ETF buying + China accumulation + 2027 Fed cuts
• Key takeaway from MS: "Gold is no longer a fear trade – it's a real rates trade"
• US–Iran talks ongoing – market pricing diplomatic breakthrough
• Today's main event: NFP (12:30 GMT) – consensus ~49k-62k
📊 What I see on H2
Price reclaimed structure after the sweep lower. Currently trading around 4,726.
BOS confirmed on H2. But we're sitting inside a decision zone – not clean continuation yet.
Key levels I'm watching:
🔴 Resistance: 4,739 → 4,830
🟡 Pivot: 4,722 – 4,739
🟢 Support: 4,683 → 4,655 → 4,628 FVG
⚡ IF–THEN scenarios
IF NFP misses low AND price holds 4,683
→ continuation toward 4,739 → 4,830
IF NFP beats OR price fails at 4,739
→ rejection, pullback into 4,655 – 4,628
🧠 My bias
For me, this still looks bullish above 4,683. But I'm not interested in predicting NFP.
👉 I'd rather wait 1–2 candles after the print. Let liquidity sweep happen first. Then react.
❓ Question for you:
What's your NFP bias – and are you trading it or sitting out?
📰 News context (last 24h)
• Morgan Stanley drops $5,200 target – driven by ETF buying + China accumulation + 2027 Fed cuts
• Key takeaway from MS: "Gold is no longer a fear trade – it's a real rates trade"
• US–Iran talks ongoing – market pricing diplomatic breakthrough
• Today's main event: NFP (12:30 GMT) – consensus ~49k-62k
📊 What I see on H2
Price reclaimed structure after the sweep lower. Currently trading around 4,726.
BOS confirmed on H2. But we're sitting inside a decision zone – not clean continuation yet.
Key levels I'm watching:
🔴 Resistance: 4,739 → 4,830
🟡 Pivot: 4,722 – 4,739
🟢 Support: 4,683 → 4,655 → 4,628 FVG
⚡ IF–THEN scenarios
IF NFP misses low AND price holds 4,683
→ continuation toward 4,739 → 4,830
IF NFP beats OR price fails at 4,739
→ rejection, pullback into 4,655 – 4,628
🧠 My bias
For me, this still looks bullish above 4,683. But I'm not interested in predicting NFP.
👉 I'd rather wait 1–2 candles after the print. Let liquidity sweep happen first. Then react.
❓ Question for you:
What's your NFP bias – and are you trading it or sitting out?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join Community Gold BMR_MasteTrade:
t.me/+p2iJeq3yBUYyNDJl
t.me/+p2iJeq3yBUYyNDJl
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.