COMEX Gold Outlook – 3rd July 2025 (Post NFP Data)
📊 Prepared by Tradeline Capital
📱 WhatsApp: +91 7046379799
🔍 Key Economic Data Released
- 📈 Non-Farm Employment Change:
147K (Actual) vs 111K (Expected) ✅ - 📉 Unemployment Rate:
4.1% (Improved from 4.3%) ✅ - 📊 Unemployment Claims:
233K (Actual) vs 240K (Expected) ✅
📌 Impact:
➡️ All three figures beat expectations → Negative for Bullion (Gold & Silver)
🪙 Gold Technical Analysis (COMEX Spot)
📊 Price Action Recap:
🔼 High: $3358
🔽 Low: $3244
📍Key Support Zone: $3301 (50% Retracement Level)
📌 Trading View:
Gold is expected to take support near $3301. Despite a short-term negative impact due to strong jobs data, a technical rebound from this support is preferred.
📈 Gold Futures (MCX)
📉 Range: ₹96,200 – ₹97,300
✅ Our Preference:
🔸 Buy @ ₹96,250
🎯 Target: ₹97,200
🛡️ Stop Loss: ₹95,990
📝 Note: Trade with strict risk management.
📲 Join our WhatsApp Broadcast for Live Intraday Alerts.
📞 +91 70463 79799
🔰 Tradeline Capital
Insightful Trading | Data-Driven Strategies | Professional Guidance