GOLD NFP Plan – Waiting for Breakout & Riding the Bullish Wave

Aug 1

[XAU/USD] – GOLD NFP Plan – Waiting for Breakout & Riding the Bullish Wave
Gold is currently trading inside a large sideways triangle pattern, with price compressing toward the apex. However, based on recent candle structure and yesterday’s reaction at the key level, there’s strong momentum building for bullish continuation—likely forming a Wave 3 breakout if price can decisively break above the current descending trendline.

🔎 Technical Breakdown:
✅ BUY ZONE: 3276 – 3274 (confluence of CP ZONE + GAP + OBS BUY from yesterday)
📈 Price already reacted with +160 PIPS profit from this zone, confirming buyer control

⛓️ Descending trendline is compressing price – a breakout above it could unleash strong bullish momentum
🔄 SELL ZONE: 3339 – 3341 marked by OBS SELL ZONE + liquidity layer

📰 Fundamental Focus:
Today is Nonfarm Payrolls (NFP) day. With current forecasts pointing toward weaker-than-expected U.S. job data, the dollar could face pressure—creating the perfect scenario for gold to spike higher on BUY-side FOMO.

📌 Trade Plan:
🎯 BUY ZONE: 3276 – 3274
❌ Stop Loss: 3270
🎯 Take Profits:
3280 – 3284 – 3290 – 3294 – 3300 – 3305 – 3310 – 3320 – 3330 – 3340 – 3350

⚠️ SELL ZONE (counter-trend): 3339 – 3341
❌ Stop Loss: 3345
🎯 Take Profits:
3335 – 3330 – 3325 – 3320 – 3315 – 3310 – 3305 – 3300

📌 Key Notes:

Favor BUY setups in line with the trend—focus on reaction zones outlined on the chart.

If NFP data is bearish for the dollar, wait for strong confluences before entering any SELL, and avoid shorting prematurely against bullish momentum.

Aug 1

Trade active

The plan played out perfectly as anticipated. Following the release of the worse-than-expected Nonfarm Payrolls, gold surged, forming a powerful Wave 3 – exactly as forecasted in the plan.

As mentioned earlier, there was no place for SELL setups at the breakout point. The news simply validated the bullish momentum that had been building throughout the week.


It’s strong. It’s explosive. Stay sharp. GOODLUCK!

Aug 1

Trade closed: target reached

[XAU/USD] – Wave 3 Likely Complete – Wave 4 Correction May Be Incoming

As per our previous plan, gold appears to have completed a powerful Wave 3 near the 335x key volume zone, which aligns with multiple technical resistance levels. This upside move was likely fueled by weaker-than-expected Nonfarm Payrolls (NFP) data.

A Wave 4 correction may soon take shape either late in the US session or as a possible GAP at Monday’s open.

📉 On lower timeframes, reversal candle patterns are beginning to form – this could be your chance to catch the pullback and ride the next wave for a big win.

🔗 View chart: