🚨 XAUUSD (Spot Gold) 🔖 3-10-2024 🚨

Sell at : $2686-$2702-$2725-$2740
Buy at :$2630-$2620-$2598-$2578

CMP – $2648.25 (as of writing) 📈

⚠️Warning: Do not risk more than 5% of your capital. Trading in gold and other financial markets involves significant risk and may result in substantial losses.

🚨Important Data today:

28 min—USD—Continuing Jobless Claims : 1,834K
28 min— USD—Initial Jobless Claims: 222K 218K
19:15—USD—S&P Global Composite PMI (Sep): 54.4 54.6
19:15—USD—S&P Global Services PMI (Sep): 55.4 55.7
19:30— USD—Factory Orders (MoM) (Aug) : 0.1% 5.0%
19:30—USD—ISM Non-Manufacturing Employment (Sep): 50.2
19:30— USD—ISM Non-Manufacturing PMI (Sep): 51.7 51.5
19:30— USD—ISM Non-Manufacturing Prices (Sep)

Trading Strategy: Given the current market dynamics, we suggest the following:

🟢For Potential Rebound:
• Buy Entry Target Range: $2680(TP1)- $2695(TP1)-$2710(TP2)-$2720 (TP3)

🔴For Continued Downtrend:

• Sell Entry Target Range: $2610(TP1)- $2590(TP2)- $2570(TP3)-$2540 (TP4)

📌Key Considerations:📝

•Monitor economic data releases closely as they will significantly impact market movements.
•Adjust stop-loss levels to manage risk effectively.
•Be prepared for potential market volatility around the release times of key economic indicators.

Conclusion: Stay alert and prepared to seize new trading opportunities based on how the forthcoming data impacts market sentiment. Our previous Buy and Sell zones have demonstrated their significance, achieving. We will continue to refine our strategy as new information emerges.