XAUUSD - NFP (4H trading idea)

Updated
Hello Traders,

we were expecting the shorts to play out pre-NFP but since that did not happen, we are currently anticipating price to react from 1819-1825 for shorts.

The rejection could be just a spike from news events and a quick continuation to the downside.

GOLD is still very bearish and has potential to reach to the 1760 level !

I will not be taking the trade myself, this is just for educational purposes.

Feel free to ask any questions if need be.

Disclaimer:
This is not financial advice, trading entails high risk and is not suitable for everyone.
This analysis is solely for educational purposes

Kind regards,
ETGL TEAM 💛
Note
There is a possibility that price could go up to 1829-1832 as well before the drop
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