🔥 XAU/USD - What are the BEST zones for BUY & SELL ? (READ)

Considering that after the announcement of the news, there is a high probability of price movements to collect liquidity and Stop Hunts, it is better to consider the important supply and demand ranges for possible BUY and SELL positions! From the important Supply Zones , we can mention $2072 to $2078, and also from the important demand zones , keep an eye on $2032 and $2020, respectively! In this way, the probability that you will fall into the trap of bears and bulls will be much less and the efficiency will be maximized!

Some Folks Asked me about NFP news and its effect on the Forex market and Gold Price , Let's get into it :

• Non-Farm Payrolls (NFP) are monthly measurements of how many workers there are in the US, excluding farm workers and a few other job types. The data is collected by the Bureau of Labor Statistics (BLS) and released on the first Friday of every month. The NFP report is a key economic indicator that affects the forex market and the gold price.

• The NFP report shows the health of the US economy and its potential for growth and inflation. A higher than expected NFP number means that more jobs were added to the economy, which could signal a strong demand for goods and services, a higher consumer spending, and a higher interest rate. This could boost the US dollar against other currencies, as it becomes more attractive for investors. A lower than expected NFP number means that fewer jobs were added to the economy, which could signal a weak demand, a lower consumer spending, and a lower interest rate. This could weaken the US dollar against other currencies, as it becomes less attractive for investors.

• The gold price is also influenced by the NFP report, as gold is often seen as a safe-haven asset that protects against inflation and currency fluctuations. A higher than expected NFP number could lower the demand for gold, as investors may prefer to hold the US dollar or other riskier assets that offer higher returns. A lower than expected NFP number could increase the demand for gold, as investors may seek to hedge against inflation and currency fluctuations. Therefore, the gold price tends to have an inverse relationship with the NFP report and the US dollar.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

Comment:

As you can see, gold started to fall with the announcement of NFP and with more than 200 pips, it is currently trading in the range of $2033! As I mentioned in the previous analysis, the price, with its growth last night to $2066, created a huge liquidity void, which I expected to be filled in the short term (and it did) ! As I said in today's analysis, consider the important areas! At the same time, I must emphasize that the same fall that gold had caused a new liquidity void , which may be filled in the short term!

This is the Last night TA :

Comment:

What Happend with NFP and Unemployment Rate ? Here's the Key points !

• The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment rose by 353,000 in January, and the unemployment rate remained at 3.7 percent.

• Job gains occurred in professional and business services, health care, retail trade, and social assistance, while employment declined in the mining, quarrying, and oil and gas extraction industry.

• The unemployment rates for different worker groups, the number of long-term unemployed, the labor force participation rate, the employment-population ratio, and the number of people not in the labor force who currently want a job showed little or no change in January.

• The number of people employed part time for economic reasons and the number of people marginally attached to the labor force changed little in January, while the number of discouraged workers increased.

That was fascinating , Wasn't it ? 😅

Prepared by : Arman Shaban

Comment:

As you can see, after the heavy fall, the price was able to correct up to $2028, but after that, due to entering the demand range that I told you, it again faced relative demand pressure and even grew up to $2036! Pay attention that the price is still fluctuating in the range of $2032 and we should expect the new FVG to be filled in the short term!