A work-in-progress

We are entering a crucial period for precious metals aka the safe havens. Personally, I am bullish on gold and silver, and not so much for USD, regardless of any time period because those are real money.

Comments, criticisms, thoughts, opinions, all welcomed.

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I am expecting a positive NFP tomorrow (as I'm sure everyone is). Would be a good time to catch XAUUSD at a nice low price to go long. However, I will wary of extreme volatility during this period.

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Approaching NFP and the weekend. I think this idea stays valid as long as there is no upwards breakout here and enters the red zone.

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We got here pretty quickly. There's a rejection off 1285.00 @ .50 fib line. I'm expecting it to rest this level again before possibly heading upwards.

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Eyeing a long position at 1274 level.

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Trade closed manually

xadiq

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xadiq

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