#XAU/USD#
Generally, this week’s gold and XXX/USD is expected to be descended as last week’s non-farm has created a skyrocket milky way for us to the moon. However, it is time we have to set our foot on the ground as DXY has reached its strong support, so scenarios for XAUUSD generally is to sell, which:
+ It could start its descending trend to 1659-1661 just now and we can expect to sell now 1673, SL 1683, TP 1667, 1664, 1660
+ It could regain its power to and back to 1683, this is the monthly trend line so we could expect to sell from here, 1683 SL 1687, TP 1680, 1675, 1670.
Resistance & support for scalping: 1683-1659
Good luck guys.
Mancy Lee
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