Gold Analysis – 2.Jul.2026

Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous update, Gold continued the expected correction. After reaching the $4115 region, price pulled back sharply and dropped more than 400 pips toward $4027. Following this correction, buyers stepped in again and Gold is currently trading around the $4062 region. Now the market is waiting for the NFP data, which will be released in less than 15 minutes.

If the actual NFP number comes in stronger than forecast, Gold could face another bearish move. But if the data comes in weaker than expected, we may see Gold push higher again toward levels above $4120. The nearest demand zones are around $4025 – $4045, followed by $3990 – $4000. On the upside, the nearest supply zones are around $4080 – $4115, followed by $4120 – $4145. For now, it is better to be patient and wait for the NFP reaction before making any major decision.

A new update will be shared after the NFP release.
(This Post on TradingView)

Author : Arman Shaban

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