GOLD: Daytrade-OPPORTUNITY#SellHey tradomaniacs,
welcome to another free signal of Week #40 NR. 3!
How to trade: Wait for the market to retest the trendline and horizontal resistance.
After rejection we can sell!
IMPORTANT:
Today we`ll get to see the Non-Farm-Payrolls!
Why is this event so important? Because one of the most important topics for the market is the monetary policy of the FED.
The market still hopes that the FOMC continues to cut interest-rates in order to provide the market with more liquidity which would "boost" investments and consume in the USA.
TOKYO (Reuters) - Asian stocks edged higher on Friday, thanks to gains on Wall Street, but the mood was cautious before a key U.S. job report that could help determine whether the Federal Reserve cuts interest rates further.
Non-Farm-Payrolls do represent almost 80% of the US. GDP. Since Jerome Powell said they are in a "waiting mode" and want to see further data before they make any choice this event and result could completely change the markets expectations and bias.
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Type: Daytrade
Market Sell: 1510,30
Stop-Loss: 1519,75
Target 1: 1500
Target 2: 1495,43
Target 3: 1485,90
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Peace and good trades
Irasor
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