Bearish Trend Holds, Volatility Expected Amid Key News Events

The price remains in a bearish trend towards 2,651 and 2,638 as long as it stays below 2,661.

For a bullish trend to take hold, stability above 2,667 is required, with a potential target of 2,680. Additionally, a negative outcome in the Non-Farm Payroll (NFP) report is needed to confirm bullish momentum.

Expect heightened volatility today due to significant news events.

Key Levels:
Pivot Point: 2662
Resistance Levels: 2670, 2680, 2699
Support Levels: 2651, 2638, 2624

Trend:
- Bearish while below 2662
- Bullish above 2681

previous idea:
Gold Retreats with Bearish Pressure Below 2661 Amid Geopolitical
Beyond Technical AnalysisGoldSupport and ResistanceTrend Analysis

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