GOLD(XAUUSD): Trading Strategy Before Non-Farm Payrolls
As you probably know, we are expecting non-farm payroll NFP news today.
The news will dramatically affect all Dollar-related instruments.
Gold is currently approaching a support line of a rising wedge pattern on a daily. Very positive news will push the market to retest the current highs.
Alternatively, bearish breakout of the support of the wedge will extend the correction on Gold,
A bearish movement will be anticipated at least to 1982/73 then.
The news will dramatically affect all Dollar-related instruments.
Gold is currently approaching a support line of a rising wedge pattern on a daily. Very positive news will push the market to retest the current highs.
Alternatively, bearish breakout of the support of the wedge will extend the correction on Gold,
A bearish movement will be anticipated at least to 1982/73 then.
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