Gold Market Analysis and Trading StrategyXAU/USD SpotFX:XAUUSDpehma6As of now 11:49, Spot Gold (XAUUSD) is trading around 5365 USD/oz. First Support (Short-term Core): 5300–5330 Strong Support (Trend Defense): 5260 First Resistance (Short-term Target): 5380–5400 Strong Resistance (Breakout Confirmation): 5448–5450 Medium-term Target: 5600–5800 Long Strategy Entry Zone: 5300–5330 Stop Loss (SL): 5290 Take Profit (TP) TP1: 5380–5400 TP2: 5440–5450 Short Strategy Entry Zone: Rally to 5380–5400 Stop Loss (SL): 5410 Take Profit (TP): 5330–5300 Key Focus Geopolitical developments in the Middle East (intensity of Iran’s retaliation, shipping conditions in the Strait of Hormuz). U.S. Non-Farm Payroll data on March 6 and forward guidance from the March Fed meeting. Changes in gold ETF holdings and central bank gold purchase data. Follow me I provide 3–5 free trading signals every day. Click the link to join my Telegram channel.