XAU/USD RISKY!! I wanna know your opinion ...
Let's talk about GOLD!
I rarely trade gold on moments such this but let's analyze this pair.
The NFP numbers were decent, today we saw a big fall in the price due to the fact that the 2509K was much better than the forecasted -7750K BUT ...
The actual situation of US doesnt seem good.
From a technical point of view , we find ourselved at a very good support level 1670-1675 that was tested many times and worked, even today the price bounced right back up reaching 1682.
There is another very nice support line that helps my analysis...
If I had to enter long on GOLD I would right here
I rarely trade gold on moments such this but let's analyze this pair.
The NFP numbers were decent, today we saw a big fall in the price due to the fact that the 2509K was much better than the forecasted -7750K BUT ...
The actual situation of US doesnt seem good.
From a technical point of view , we find ourselved at a very good support level 1670-1675 that was tested many times and worked, even today the price bounced right back up reaching 1682.
There is another very nice support line that helps my analysis...
If I had to enter long on GOLD I would right here
Note
For all of those who entered long , well done !Currently we have seen a 300 pips move from Friday when I posted this idea.
Trade closed: target reached
Target reached 1740
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.