NFP tomorrow and USD has been pulling back across most pairs.
My thoughts are the news will be Bullish for the Dollar pushing Gold back down to the 0.5 FIB, as well as pulling back some loses across all its major pairings.
We could easily see a break upwards from here and my longer term out look for Gold is Bullish but for now i will only be buying at the and around the FIB.
My thoughts are the news will be Bullish for the Dollar pushing Gold back down to the 0.5 FIB, as well as pulling back some loses across all its major pairings.
We could easily see a break upwards from here and my longer term out look for Gold is Bullish but for now i will only be buying at the and around the FIB.
Trade active:
I have set a BUY order @1291
SL @1287
Price is struggling to get any lower so have jumped early, hoping to break from here but i wouldn't be surprised to get stopped out.
SL @1287
Price is struggling to get any lower so have jumped early, hoping to break from here but i wouldn't be surprised to get stopped out.