GOLD (XAU/USD) MACRO RALLY & HEAVY RESISTANCE REJECTION SETUP
Executive Summary & Macro Narrative Following a soft US Non-Farm Payrolls (NFP) report showing an unexpected decline in payroll data, weak labor market dynamics have intensified market expectations for aggressive central bank interest rate cuts. The resulting downward pressure on the US Dollar and Treasury yields has fueled a massive macro surge in XAU/USD (Gold) , driving price action directly into a major higher-timeframe resistance supply block around $4,450.00 on the 4-Hour (H4) chart. While the fundamental NFP shock provides immediate bullish momentum toward the $4,450 level, this key structural zone represents strong overhead supply and liquidity. A decisive rejection and drop from this major supply block are projected as buyers take profits and the market seeks to rebalance
2026.08.07 13:36 0 









