📈 GOLD (XAUUSD) ANALYSIS UPDATE 📈

Date: 2 May 2025 | Friday

We will monitor for a potential pullback toward the H4 support level at @ 3236, which may offer a favorable buying opportunity if price action confirms a reaction at that zone.

Should gold rally toward the daily breakout zone at @ 3283.50 and maintain support above it, the bullish momentum is likely to continue, potentially signaling a further upward extension in the prevailing trend.

Conversely, if gold breaks below the key daily support level at @ 3196.00, it would indicate renewed bearish strength and open the door for a continuation of the downtrend.

In such a scenario, traders can anticipate a retracement back toward the breakout area for a potential selling opportunity.

🔑 Key Zones to Watch:

Sell zone: @  3283.50 - 3287.50
Buy zone: @ 3236.00 - 3234.00

It is important to note that this week’s Non-Farm Payrolls (NFP) report could be a major catalyst for volatility.

Traders should exercise caution around the release, as the data could significantly impact gold's directional bias and invalidate technical setups. ⚠️