XAU/USD RISKY!! I wanna know your opinion ...
Let's talk about GOLD!
I rarely trade gold on moments such this but let's analyze this pair.
The NFP numbers were decent, today we saw a big fall in the price due to the fact that the 2509K was much better than the forecasted -7750K BUT ...
The actual situation of US doesnt seem good.
From a technical point of view , we find ourselved at a very good support level 1670-1675 that was tested many times and worked, even today the price bounced right back up reaching 1682.
There is another very nice support line that helps my analysis...
If I had to enter long on GOLD I would right here
I rarely trade gold on moments such this but let's analyze this pair.
The NFP numbers were decent, today we saw a big fall in the price due to the fact that the 2509K was much better than the forecasted -7750K BUT ...
The actual situation of US doesnt seem good.
From a technical point of view , we find ourselved at a very good support level 1670-1675 that was tested many times and worked, even today the price bounced right back up reaching 1682.
There is another very nice support line that helps my analysis...
If I had to enter long on GOLD I would right here
Trade closed: target reached:
Target reached 1740
Currently we have seen a 300 pips move from Friday when I posted this idea.