Gold Awaits Today’s ADP Employment Report.

Market Outlook

Trend

* The primary trend remains bearish, with price continuing to form lower highs and trading below the descending trendline.
* Price is currently testing the 3,976 support zone, which is a key level that will likely determine the next directional move.

Resistance Levels

🔵 4,043 – 4,045 – Near-term resistance, aligned with the descending trendline and the breakout zone.
🔵 4,095 – 4,097 – Major resistance and a key supply zone that would confirm a bullish reversal if broken.

* Price needs to close an H1 candle above 4,043 to confirm a breakout of the descending trendline and open the way for a move toward 4,095.
* If price is rejected at these resistance levels, the bearish trend is likely to remain dominant.

Support Levels

🟢 3,976 – Immediate support and the current demand zone supporting price.
🟢 3,942 – Strong support and the first downside target if 3,976 is broken.
🟢 3,910 – Final major support and the primary downside target for sellers.

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Trading Plan

🟢 BUY GOLD

* Entry: 3,910 – 3,912
* Stop Loss: 3,900
* Take Profit: 200 / 500 / 1000 pips

🔴 SELL GOLD

* Entry: 4,043 – 4,045
* Stop Loss: 4,055
* Take Profit: 200 / 500 / 1000 pips

Risk Management

* Risk no more than 1–2% of your account equity per trade.
* Wait for confirmation signals before entering a position.
* Consider moving your stop loss to breakeven once the trade reaches a reasonable profit level to protect your capital and reduce risk.