Gold Expectation before NFP
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Gold has formed a bearish flag pattern on the 4-hour timeframe and is currently trading within the price channel representing the flag. The metal has reached the upper boundary of the pattern, which aligns with the supply zone (2660–2666).
If gold remains below this zone, it is expected to decline again toward the levels of 2650.00 and 2645.00. In the event of breaking the 2645.00 level and closing below it, further downside is anticipated, potentially targeting 2622.00, 2614.00, 2610.00, and eventually 2600.00.
However, if gold breaches the 2666 level and closes above it, we might see a move back toward the 2725 level.
Goodluck .
If gold remains below this zone, it is expected to decline again toward the levels of 2650.00 and 2645.00. In the event of breaking the 2645.00 level and closing below it, further downside is anticipated, potentially targeting 2622.00, 2614.00, 2610.00, and eventually 2600.00.
However, if gold breaches the 2666 level and closes above it, we might see a move back toward the 2725 level.
Goodluck .
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After the Gold Break through 2666.00 lvl and close above it we might see 2690.00 then 2692.00
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