awakenedlion

Non-agricultural data gold trading

Long
awakenedlion Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
good evening friends
Tonight's non-farm payroll data is relatively large and will have a certain impact on the market. If you want to make stable transactions, I suggest you wait for the data to come out before executing the transaction.

Trading plan:
Non-agricultural debut tonight! Yesterday, the golden daily line once again showed a doji negative line, with a 9-year negative pattern. The kinetic energy of shorts has obviously weakened. The continuous negative line is not good for shorts. If yesterday's daily line was a doji positive line, then there is a higher probability of a new low today, but It turned out not to be.

Although the current trend is bearish, it is definitely not suitable for chasing shorts. The technical level below the daily line has begun to turn neutral! For tonight’s non-agricultural data, the operation can be divided into three steps:

If the data is less than 17: It is recommended that the market pulls back to 1825 and 1817 to go long. The entry position depends on whether the market rushes higher or bottoms out first. The stop loss is 1817 or 1810, and the target is 1835 or 1848;

If the data is greater than or equal to 17, but less than 18.7: 1815 below can be long, and 1835 above can be short.

If the data is greater than 18.7: It is recommended that the market rebounds to the 1818-1820 range and go short, with a stop loss of 1827 and a target of 1805 and 1796!

After everything is announced with data, the trading plan will be executed based on the above proposals!
If you hold gold transactions before the data is released and you are making money, you can profit first and get out!
Trade active:
Accurate signal has been released Speed check
Trade active:
Data greater than 18.7:
Steady friends suggest that the market rebounds to the 1818-1820 range and goes short, with a stop loss of 1827 and a target of 1805 and 1796!
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