How will gold move before the ADP news?GoldOANDA:XAUUSDAstronautPioneer1. Trend & Trendline The ascending trendline (dotted) is currently acting as a dynamic support for the price structure. Price previously broke down sharply and then bounced back. It is now retesting the trendline from below, which makes this a decisive area. If price closes above the trendline and 5204, it would confirm a break of the short-term bearish trend. 2. Resistance 5,204 – 5,206 Nearest resistance level Previous supply zone If price breaks strongly above this area, it could accelerate toward the 5,286 zone. 5,286 - 5288 Stronger resistance Previous structural high + major supply zone + trendline test A sell reaction is likely to appear in this area. 3. Support 5,090 Clear demand / support zone Price previously reacted and bounced from this level If price retests and holds this area, there is a possibility of forming a higher low. 5,000 The most recent bottom of the sharp decline If 5,090 is broken, price may retest this zone. BUY GOLD: 5090 – 5088 Stop Loss: 5080 Take Profit: 100 – 300 – 500 pips SELL GOLD (Scalp): 5204 – 5206 Stop Loss: 5210 Take Profit: 100 – 300 pips SELL GOLD : 5286 - 5288 Stoploss : 5298 Take Profit : 100-300-500pips