Total Quality
Score
If You Had Traded on This Analysis…
Correct

XAUUSD
Entry
3,347.7000
2025-08-02
04:45 UTC
Target
3,450.0000
In 5 Days
Fail
3,335.0000
Risk / Reward
1 : 8
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Final PnL
3.06%
P/L: —
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XAUUSD
Correct

Body
The analyst discusses gold (XAUUSD). Gold surged after weaker than expected jobs data. NFP was expected at 110k, but came in at 73k. The dollar index (DXY) saw a huge drop. Gold is currently trading at $3362.89. For those holding buy positions, can continue to hold, setting a stop loss at $3335. Expects Gold to head towards 3400. Expects some consolidation. For those looking to get into fresh positions, wait for either a retest of old resistance which will turn into new support at 3355-50 range before buying. If it doesn't retrace and begins to breakout, buy at breakout. For all those holding buy positions, stop loss moved to 3350.