BUY ENTRY on XAUUSD (GOLD)

BUY ENTRY OUTLOOK: From the analysis posted earlier - Below is the range of my entry POI

⚠️USD NEWS ALERT - UNEMPLOYMENT CLAIMS⚠️ is incoming, we should expect high volatility in price

Gold always needs liquidity and imbalance to move during a high volatility news release and the demand close to price is probably a very strong inducement area waiting as liquidity for price.

We can either use buy limits or manual execution for this trade.

BUY ENTRY AREA - 2015 to 2018

:. 🚨🚨🚨 A bearish to bullish XAUUSD reaction to the UNEMPLOYMENT CLAIMS news might happen - STAY SAFE and Use Proper Risk Management and Trade Management

⚠️ Please LIKE, COMMENT and FOLLOW for future analysis⚠️

Comment:

Unemployment Claim release underperformed on Gold but DXY shows it was bullish since the release was Positive.

I am still waiting for price to drop further, Maybe PMI would do that for us. Hopefully, we would get a trade today.

🚨FLASH PMI is Incoming🚨

Comment:

🚨Incoming News: Flash Manufacturing PMI 🚨

This is an index estimate of manufacturing for a country, based on about 85% to 90% of total Purchasing Managers' Index (PMI) survey responses each month.

Hopefully this would drive price to our POI.

Comment:

LESS IS MORE & PATIENCE IS KEY

Trade active:

Demand has been activated

Comment:

100 + pips in profit, Check recent post to see setup

Comment:

So I was banned for some days by TradingView