*GOLD (XAUUSD): SMART MONEY SELLING ZONE | TARGETS BELOW 4050*GoldOANDA:XAUUSDDECRYPTERSGold Chart Overview:- Current Gold Price (XAUUSD): ~4,065 Daily Trend: Rebounding, testing resistance. Weekly Trend: Volatile, with recent lower highs. Market Structure: Bearish near-term bias, trading below key averages while holding above major lows. BOS/CHOCH: Recent downside break of structure; monitoring for a potential change of character on a sustained move above 4,100–4,112. Major Support: 4,035–4,047 / 3,943. Major Resistance: 4,080–4,112 / 4,145. Liquidity Zones: Around recent highs and lows, particularly near the 4,000 psychological level. FVGs / Premium-Discount: Discount zone below 4,100; premium zone above. Volume Profile: Strong volume concentration within the 4,000–4,100 support region. Latest Gold News :- Gold gained support after softer U.S. jobs data and weaker oil prices increased safe-haven demand and pressured the U.S. dollar, with markets now focused on the upcoming U.S. payrolls report. Reuters views this as a short-term bullish factor for gold. However, global gold-backed ETFs saw outflows of 38.3 tonnes last week, according to the Kobeissi Letter, signaling weaker investor sentiment that could cap further gains. Latest Geopolitics :- Geopolitical tensions remain supportive for gold as the Iran ceasefire shows signs of strain, keeping safe-haven demand elevated. Meanwhile, the ongoing Russia-Ukraine conflict, including continued strikes on infrastructure, provides a mild positive backdrop for bullion. In Asia, persistent China-Taiwan and South China Sea tensions add a potential risk premium that could further benefit gold if the situation escalates. TODAYS IMP DATA (tradewithdecrypter) :- Jul 2: US Nonfarm Payrolls (NFP) & Average Hourly Earnings (High Impact). Forecast: ~110–114K jobs. Strong data is bearish for gold (stronger USD), while weak data is bullish. Recent ISM/PMI reports remain mixed to positive. Trump Watch :- Latest focus: Ongoing tariff proposals/actions (e.g., on trading partners, Iran-related risks). No brand-new direct statements in last 24-48h on Fed criticism or wars per verified rules. Tariffs remain structural theme supporting long-term gold as hedge. Fed Analysis :- The Fed is expected to keep rates unchanged in the near term, with only limited rate cuts priced in for 2026. A hawkish stance due to inflation and labor market strength remains negative for gold prices. Market Sentiment :- Market sentiment for gold remains mixed, with moderate safe-haven demand driven by geopolitical tensions and slight relief from dollar strength. However, higher bond yields and continued ETF outflows are limiting upside, keeping the geopolitical premium elevated but capped. Trade Bias :- Trade bias remains neutral to cautiously bullish in the short term, with a 45% probability for upside and a 55% probability for downside, reflecting medium confidence. The preferred buy zone is 4,030–4,050, while 4,100–4,112 remains a key sell area. A sustained break below 3,943 or above 4,145 would invalidate the current outlook, with the market driven by a technical rebound against ETF outflows, higher bond yields, and upcoming US Nonfarm Payrolls data. #TRADEWITHDECRPTER #DECRYPTERS #MOIZKHATTAK #FOREXTRADING #TRADEWITHDECRYPTERS