GOLD → The market is waiting for NFP. What could happen?

[cryptobro]

XAUUSD is bouncing off resistance at 3310, confirming the upper limit of the new trading range. The dollar continues to rally, but the market as a whole is stagnating ahead of upcoming news—NFP is coming up!

Gold is consolidating at monthly lows around $3268, awaiting key US labor market data (NFP). Trump's new tariffs (10% globally, 35% for Canada, 39% for Switzerland) have boosted demand for the dollar, putting pressure on gold. Markets are waiting for NFP: forecast +110K jobs, unemployment 4.2%. Weak data (<100K) → gold may rise to $3400. Strong (>150K) → the dollar will strengthen, gold will continue to fall. The probability of a Fed rate cut in September is <50%.
Based on yesterday's data, I would cautiously suggest that NFP will be in the range of 125K–145K, slightly above the consensus (110K). This will play into Trump's hands (I think you understand what I mean...).

Resistance levels: 3300, 3310, 3320
Support levels: 3287, 3268, 3255

The news has a negative nuance — unpredictability. Be careful.
Technically, based on the data we have at the moment, I would assume that the market may test resistance at 3300-3310 before a possible pullback to the specified support. BUT! Unpredictable data could turn the game around, and in that case, if the dollar falls, gold could start to rise.

[Maxwell]

Great breakdown. I’m flat on gold right now — NFP is too close, and the geopolitical + tariff noise makes this setup riskier than usual. If we get a soft print (<100K), I’ll consider longs toward 3400, but only on confirmation. Right now, I see more chop than clarity. ️

[Nahiar806]

Nice levels. I’m watching that 3300–3310 zone like a hawk. If price gets rejected there again, I’ll look for a quick short scalp to 3287 or even 3268. Clean range trading until NFP breaks us out. Keep it tight, trade light!

[rafihasan]

Trump’s tariff play is classic dollar fuel, especially with NFP likely to come in stronger than expected. Agree with you — 125K–145K makes sense, which could pressure gold further. Unless we see a surprise miss, I’m not touching gold longs. DXY still in charge.