MARKET OUTLOOK FOR XAUUSD ON 05/04/2024...NFP NEWS TODAY
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 Published On Premiered Apr 4, 2024

Market Outlook for XAUUSD today.
Looking at the Gold now, we can see that yesterday's candle closed Bearish after testing a New High at 2305.60, it dropped all the way to 2280 and then closed at 2291.
And the New Daily candle opened and dropped all the way to 2268 testing another Zone and it's trying to test a breakout level at 2286.
So looking at what's happening, it's more likely that NFP will Sell to 2240 and if it goes wild, then 2220 and 2210.

But if it come out Negative, then it's likely to Hit 2310 and 2320 level today.

Be open to both scenarios and allow the market to play out, when you see an opportunity, you go into it and pick some trades.


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