Gold short term Range and updated levels - PRE - NFP IDEA

We have updated our short term NFP Goldturn levels on the chart that the price will be respecting. If broken with indicator cross confirmation with candle body closing, it will allow us to identify the direction of the next stop. Buying dips is still working for us and we will only re-consider this direction once 1764 is broken. We are expecting another challenge attempt at 1764!! this will be the retest!

We always try and be out of positions before NFP. If we are already in positions we stay close to the chart during the release and use the volatility to manage positions if needs must. The best way to handle NFP is to let the movement finish and let the price settle to a strong level before considering a position. The momentum can push the price to a bottom or top that will then enable us to take a position; sometimes if a suitable benchmark is able to be identified, we can also target that. We will review this after NFP again to see if we can establish new fresh targets from this.

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GoldViewFX
XAUUSD TOP AUTHOR

Comment:

Typo *1010 = 1810 on top level