NONFARM returns after many days of closure

4 days ago

1. Trendline

Descending trendline (upper): Strong dynamic resistance, price is repeatedly rejected → main trend remains bearish.

Ascending trendline (lower): Dynamic support, but has just been broken downward → buying pressure is weakening.

2. Key Support Levels

3,926 – 3,969 (Fibo 0.5–0.618): Strong confluence zone, the main target if the ascending trendline breaks.

3,891 (Fibo extension 1.0): Deep support, potential area for a short-term bottom.

3. Key Resistance Levels

4,135 – 4,155 (Fibo 0.5 + supply): Strongest resistance, price faced strong rejection here.

4,192 – 4,200 (Fibo 0.618): Higher resistance, aligned with the descending trendline → strong selling confluence.

Trade Ideas

BUY GOLD : 3948 – 3950
Stoploss: 3938
Take Profit: 100–300–500 pips

SELL GOLD : 4148 – 4150
Stoploss: 4160
Take Profit: 100–300–500 pips

4 days ago

Note

The price is still moving sideways in the trend line zone, waiting for the breakthrough of NONFARM

4 days ago

Trade active