GOLD (XAUUSD) Ahead of NFP. Your Plan: ðĨ
https://www.tradingview.com/x/F4r9WkEM/
Traders, do not forget that we are expecting the NFP release today.
Depending on the figures, I see 2 potential scenarios on Gold.
Bullish Scenario
1941 - 1945 is a key horizontal resistance.
If the market breaks and closes above that, I will expect a bullish continuation
to a major falling trend line.
Bearish Scenario
1925 - 1935 is a key horizontal support that the price is approaching now.
Its bearish breakout and a daily candle close below will push the prices lower.
Next goal will be 1908.
Wait for a breakout and the follow the market.
âĪïļPlease, support my work with like, thank you!âĪïļ
Traders, do not forget that we are expecting the NFP release today.
Depending on the figures, I see 2 potential scenarios on Gold.
Bullish Scenario
1941 - 1945 is a key horizontal resistance.
If the market breaks and closes above that, I will expect a bullish continuation
to a major falling trend line.
Bearish Scenario
1925 - 1935 is a key horizontal support that the price is approaching now.
Its bearish breakout and a daily candle close below will push the prices lower.
Next goal will be 1908.
Wait for a breakout and the follow the market.
âĪïļPlease, support my work with like, thank you!âĪïļ
â
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