Morning everyone 🌞 due to the non-farm news last Friday, USD was down so hard so that made XXX/USD went straight to the sky including Gold Spot. It stopped flying and momentarily candlesticks are closing under the long term trend line (yellow) and Fibo 0.5 (a super stable line). So we will have 2 scenarios for Gold today:
+1st: it’s done retesting and breaks out this zone, its next stops will be fibo 0.61 (1690), fibo 0.78 (1709). You guys can start selling when it faces these zone with SL around 50 pips.
+2nd: it closes under the tough fibo 0.5 (1675), next stop will be 1661 then up back a little bit and continue falling for short term.
Whatever happens, managing risk is always the most important thing we have to do cause nothing is guaranteed in this market. So please wait for obvious chances patiently and don’t forget to set SL.
Good luck guys ! Have a great trading day ahead. ❤️❤️🌹🌹
Jolie Do:
Forex Trading Specialist/ Relationship Manager at ForexCEC - DNBC Global Markets.
ForexCEC - DNBCグローバルマーケットの外国為替取引スペシャリスト/顧客関係マネージャー
Message me to discuss more. ❤️
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已编辑 07 Nov 2022, 10:46
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