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BUY XAUUSD GOLD DUE TO NEWSDear Ziilllaatraders, As I suspected in my previous ideas ( see ideas below ) there is a correlations between DXY and XAUUSD. There are forecasts of a drop in inflation numbers. This will cause the fed to be less hawkish to raise interest rates. This again is because we could expect speculations for a less tendency that the FED will be raising rates further more in the future. So thats why my Idea is that the dollar wil be dropping before and after the news. This will cause upward pressure for XAUUSD. Feel free to ask any questions you have. Greetings, Ziilllaatrades
OANDA:XAUUSDLong
by ZILATRADES
8
GOLD NEUTRAL We have took profit and now we await the next moveDear Ziilllaatraders, We took some big profits again today, I bet you guys are content. But tomorrow we will have the monthly NFP news coming out again. MY ADVICE stay out and watch how the game is going to be played. Because like every NFP, the price is going to swing all sides. So one other important rule of trading is to not be greedy, we already made big profits till now look at the results you are booking instead of always wanting to trade. This is of course my advice. Let me know guys what you think. Leave a like, comment, and follow for more. STAY HEALTHY AND WEALTHY! Greetings, Ziilllaatrades
FOREXCOM:XAUUSD
by ZILATRADES