xauusd ADP NONFARM EMPLOYMENT REPORTADP is performs payroll services for its clients. The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is used as a predictor of the government's Labour Market Report.
A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
FORECAST 173K
PREVIOUS 192K
ACTUAL 152K
the data released is less than forecast and also less than previous report, which is too much bearish for dollar.
its impact may show up after the us market is opened
Xauuas
🔥 #NASDAQ - First LONG , Then SHORT (READ THE CAPTION)By checking the Nasdaq index chart in the 4-hour time frame, we can see that the price started to move exactly as we expected and it grew with more than 330 pips of yield to the range of the previous supply zone! After entering the supply range of 18360 again, the price faced a heavy drop and corrected to the demand range of 17800 to 17970! Now the price is trading in the range of 18130 and is trying to fill the previous FVG! Probably we will see a growth first and then fall again!
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Best Regards , Arman Shaban
XAUUSD 1H SELL PROJECTIONReason For XAUUSD GOLD Sell
1. Stochastic Oversold in 1h Time and crosses over the 80 and make the assset to fall
2. RSI 14 below 50 and move in sell trend in 1H
3. Breake the Triangle Pattern
4. Retest the Day Low of 1630 technically
Possible Outcome;
GOLD SELL 1638.34
SL 1644.00
TP 1628.50
XAUUSD Outlook for August 21st, 2016 weekWeekly chart shows bearish engulfing and MACD divergence indicating pullback which already started.
Price is ranging for weeks however if H4 candle closes below 1332 and new H4 candle opens below that level, then I will Short until 1312.
If it breaks 1312 it will drop to 1294 and 1266 before it continues upward move to 1400+
If price pulls back and H4 candle closes above 1334, then i will Long until 1352, and 1389