Gold Awaits NFP Data: Will It Explode or Break Down from Range?XAUUSD – Gold Awaits NFP Data: Will It Explode or Break Down from Range?
Gold remains in a consolidation phase, coiling tightly ahead of the highly anticipated Non-Farm Payrolls (NFP) report. With traders on edge, the market is poised for a breakout – but in which direction?
🌍 MACRO & FUNDAMENTAL INSIGHT
Donald Trump reignited pressure on the Federal Reserve, calling for an immediate rate cut, especially after the recent ADP Employment Report showed the weakest job growth in over two years.
Fed Chair Jerome Powell, however, maintains a cautious stance, emphasizing that “no rush” to cut rates unless inflation convincingly trends lower.
Meanwhile, U.S. national debt is projected to hit $55 trillion by 2034, with unchecked fiscal expansion. This is fueling a global central bank gold-buying spree, with many purchases not even officially reported.
💡 This confluence of macroeconomic stress, monetary uncertainty, and geopolitical tension is pushing gold into the spotlight as a safe haven.
🔍 MARKET POSITIONING & SHORT-TERM DRIVERS
Unemployment Claims released today: 236K vs previous 240K – slightly positive, but not strong enough to offset weak labor momentum.
Treasury yields remain high (10Y at 4.55%), suggesting that while inflation fears persist, risk appetite is fragile.
The NFP release will likely serve as the catalyst for gold's next directional move, especially as liquidity builds up in a narrowing technical structure.
📈 TECHNICAL ANALYSIS (H1 – EMA 13/34/89/200)
Price is consolidating within a sideways range between 3333–3380, forming a classic liquidity trap just below key resistance.
The 3352–3333 zone is a critical structural support. A break below this level opens the door for a dip toward the FVG liquidity zone around 3320–3318.
On the upside, 3388–3400 remains a rejection zone. A clean breakout could target 3409 and even Fibonacci extension resistance at 3435–3445.
🔑 KEY TECHNICAL LEVELS
Resistance: 3388 – 3392 – 3400 – 3409
Support: 3355 – 3333 – 3320 – 3318
🧭 TRADING STRATEGY
🔵 BUY ZONE: 3320 – 3318
SL: 3314
TP: 3324 → 3328 → 3332 → 3336 → 3340 → 3350 → 3360 → ???
🔻 SELL ZONE: 3408 – 3410
SL: 3414
TP: 3404 → 3400 → 3396 → 3390 → 3386 → 3380 → 3370
✅ FINAL THOUGHTS
Gold is currently at the eye of the storm, with both fundamental and technical indicators aligned for volatility. The coming NFP release could tilt the balance sharply.
Stay disciplined: trade key zones only, wait for confirmation, and prioritize risk management. In markets like these, precision beats prediction.
Tecchnicalanalysis
HIKAL LTD - Long-Term Cup & Handle Breakout | Weekly ChartHIKAL LTD - Long-Term Cup & Handle Breakout | Weekly Chart
🕒 Timeframe: 1W | NSE: HIKAL
📅 Date: April 18, 2025
💰 CMP: ₹431.60
📈 Volume: 4.57M
🔍 Chart Highlights
☕ Cup & Handle pattern forming over a multi-year base, suggesting a potential long-term breakout.
📏 Breakout Zone (Resistance):
🟪 ₹440–₹460 (purple zone) – Multiple rejections in the past. Price is now testing this major supply zone.
📉 Downtrend Resistance Line:
Price has broken above the falling trendline, confirming bullish strength.
🟩 Support Levels:
₹400 (recent breakout retest zone)
₹360 (previous structure low)
📈 Resistance Ahead:
₹470 (long wick area)
₹510 (supply zone)
🧠 Technical Indicators
📊 RSI (Relative Strength Index)
RSI at 61.63, approaching the bullish zone
RSI breakout above previous bearish structure
“Bull” and “Bear” labels show previous sentiment shifts
🔔 Conclusion
✅ A classic Cup & Handle breakout on weekly timeframe with strong volume surge
✅ Above key resistance with bullish RSI — suggests potential continuation
⚠️ Watch for sustained close above ₹460 for confirmation
🔍 Chart by: PriceAction_Pulse
📬 For more detailed insights, follow on TradingView
✅ Educational purpose only — DYOR before any investment decision.
METROPOLIS Technical AnalysisHi Traders....
Please refer to chart pattern of METROPOLIS
I observed, Cup and Handle pattern
Check out important levels as per chart.
Bhaiya... chart achha lga to bta diya. buy / sell krne ko nhi bole hai.
aap apna dekh lijiyega. hm sebi certified nhi hai.
Bullish flag pattern reversal in GLENMARKGLENMARK
Key highlights: 💡⚡
📊On 1H Time Frame Stock Showing bullish flag Pattern.
📊It can give movement upto reversal target of 432+.
📊It can give movement upto Breakout target of 458+.
📊There have chances of Breakout of Resistance level too.
📊Can Go Long in this stock by placing stop loss below 419 or last swing low.
Symmetrical triangle pattern in BALKRISIND.Discription:
Stock Name: BALKRISIND
Chart Pattern: Symmetrical triangle pattern
Time Frame: 1W
Entry : Reversal Entry (From Support level)
Targets: Reversal Target 2300+(upto resistance level)
and this can be extend for upside upto 3425+ in case this stock is sustain above 2300+ level.