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The market continued to be affected by geopolitical news yesterday, while ADP non-agricultural data was lower than expected. But in my opinion, the market is not too concerned about ADP at the moment – the real focus remains on this week’s official non-farm payrolls data.
Meanwhile, oil prices are still trading sideways in the $90-$100 range, keeping gold prices within a wide range but without confirming a clear trend.
personal vision
I believe the market still has the ability to drive liquidity deep:
4600 | 4600 458X | 455X
Before picking the next real trend.
That’s why today I’m going to look for sell scalps and trade within the current trading range.
support
4660 | 4660 4640 | 4640 4600–4610 | 4583–4584
Main market structure areas
4545 → area maintaining short-term bullish structure
resist
4765 | 4772 | 4795 | 4800 | 485X
trading plan
I expect gold to trade sideways in a range of about 100 points ahead of payrolls
Best Quick Scalping in Current Trading Range
Sell stop area: 4655–4657
SL: 20 points
Target price: 4580-4585 (about 80-100 points)
After the liquidity sweep ends, I will look for buying opportunities in deeper areas of demand.
main idea
The market currently looks to be in a “liquidity crunch” phase before major news releases, rather than a clear trend.
The H1 frame is also starting to show signs of bearish divergence → so short term sell trades should be taken seriously.
for me:
👉 قرа non-agricultural = trading scope
👉 Withdrawal of liquidity before real movement is the most likely scenario
“Markets often withdraw liquidity from both sides before revealing the true trend.”
If the market sweeps deeply towards 458X before non-agricultural employment…
Will you sell out of fear, or will you see this as an entry opportunity?
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