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"Risk warning. Before starting to trade on the platform, the Client needs to analyze their financial capabilities and familiarize themselves with the terms of the agreement on the provision of services on the site." Age 18+ ✅Any Queries DM 👉 @tmt_shalu
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📅 The Event
The Nonfarm Payrolls (NFP) report will be released on Thursday, 7 February, at 1:30 PM UTC, giving the market a clear view of the health of the U.S. labour market. The report is expected to show a 170K increase in jobs and a 3.8% rise in hourly earnings, which will likely significantly impact USD and XAUUSD.
💡 Trading Idea
XAUUSD is in an uptrend. Focus on buying opportunities:
🔹 Place pending Buy Limit orders on XAUUSD if there’s a bearish reaction to the NFP report.
🔹 Place pending Buy Stop orders if the report triggers a bullish reaction.
📊 Key Levels to Monitor
🔹 Support: 2,850, 2,834, 2,817
🔹 Resistance: 2,870, 2,900, 2,921
A break below 2,850 could open the way to the 2,834 level, where buying opportunities may arise. A break above 2,870 could lead bulls to target the 2,900 level, where tactical sell orders may be placed.
