GOLD - NEWS PRESSURE

4 Eki

Gold prices rose on Friday, October 4, supported by safe haven demand amid Middle East tensions, while investors await the US jobs report, which could provide clues about the path the US Federal Reserve will take with regard to interest rates.

Generally, the direction is uptrend

Uptrend Side: For the price to reach the previous resistance level of 2,683 or establish a new high at 2,700, it must rise significantly and break through the 2,670 level by closing a 4-hour candle. This movement could occur due to any influencing factors.

Downtrend Side: The bearish trend is expected to begin once the price stabilizes below 2,650 and reaches 2,633. For further confirmation of this downward movement, the price should cross below 2,526, confirmed by the closing of a 4-hour candle.

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İşlem aktif

Today's key data releases—Nonfarm Payrolls, Average Hourly Earnings, and the Unemployment Rate—are expected to cause significant market volatility, especially in gold prices. Forecasts suggest job growth between 135,000 and 165,000, steady wages, and an unemployment rate of 4.2%. At the time of the release, gold may see a sharp rise followed by a substantial decline, depending on how the data impacts market sentiment. Strong data could boost the U.S. dollar and push gold lower, while weak data might increase gold prices due to safe-haven demand.

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İşlem kapandı: hedefe ulaştı

The price declined, reaching the targets of 2650 and 2633. It remains in a bearish trend and has also closed the 4-hour candle below 2650.

4 Eki

İşlem kapandı: hedefe ulaştı

Reached the second Target 270 PIP

The price declined, reaching the targets of 2650 and 2633. It remains in a bearish trend and has also closed the 4-hour candle below 2650.