Elliott Waves Analysis
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Gold buy now
@ 2521.60 - 2517.60
SL : 2514.60
TP1 : 2523.60
TP2 : 2525.60
Gold buy now
@ 2523.50 - 2519.50
SL : 2515.50
TP1 : 2525.50
TP2 : 2527.50
Gold buy now
@ 2512.50 - 2507.50
SL : 2504.50
TP1 : 2515.00
TP2 : 2518.00
Attention Traders! US Session 🇺🇸
Tonight's Key Events:
Average Hourly Earnings (MoM) Aug
Nonfarm Payrolls (Aug)
Unemployment Rate (Aug)
Be attentive to the market and my updates in the channel guys. The gold market is very volatile.
Make sure you don’t put all your eggs into one basket.
Today is NFP day, so get ready to rock and roll! There will be plenty of opportunities for us to maximise!
Non-farm payroll (NFP) is a monthly report on job growth in the US, excluding farms, households, and non-profits.
Released on the first Friday each month, it also includes data on unemployment and wages. It's a key economic indicator watched by financial markets.
Don't rush and be patient. Let’s get out there and secure some MEGA BAGS for the weekend!
Be Attentive, Unmute and Pin this channel to get the most out of today
GOLD (XAUUSD) ANALYSIS UPDATE
06/09/24 |FRIDAY
Gold is currently trading at the daily resistance of @ 2519.40, a level tested multiple times, making it less "FRESH." A breakout above this could lead to a sell opportunity at the higher resistance of @ 2524.30.
If Gold reverses, the next support to watch is @ 2515.00 (H4). Additionally, a break below the lower H1 resistance at @ 2508.00 may trigger a sell toward the daily support a @ 2495.00.
Key zones to watch:
Sell zone @ 2519.40 - 2521.00
Buy zone @ 2515.00 - 2513.50
Wait for a clear breakout or rejection before entering a position. Focus on price action within these zones for trade decisions.
