XAUUSD Non-Farm Analysis, two potential Gold trading ideas
Updated
Are you finding XAUUSD Non-Farm analysis?
Here's a XAUUSD analysis based on Wyckoff method, Liquidity reading technique and Price action
We're updated new levels for Gold that we need to pay attention before NFP.
If you are a trader with less than 6 months of experience, then trade 1h after the NFP news. Or better yet, skip today's session to avoid risk.
Two potential Gold trading ideas today:
#1. Price re-test above levels (1804-1805) or 1810-1811 levels.
We'd like to see this scenario than #2.
If price reject these resistance levels, we will try to short to the Imbalance area and Last Point of Support below.
#2. Price go downward first then re-test above levels (1804 or 1810)
If you need to see detail Wyckoff analysis of XAUUSD, let's see our previous post (below section).
We also marked key-levels on above chart.
Let's wait and see how the price reacts at these levels.
And we'll only enter when there is enough confirmation.
E.g about Confirmation
a reversal structure or a Wyckoff accumulation range on a small timeframe.
Will Gold grab Liquidity below ? What do you think ?
If you find the article useful or interesting,
Let's comment below !
------------------------------------------
Notes on using this gold trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Here's a XAUUSD analysis based on Wyckoff method, Liquidity reading technique and Price action
We're updated new levels for Gold that we need to pay attention before NFP.
If you are a trader with less than 6 months of experience, then trade 1h after the NFP news. Or better yet, skip today's session to avoid risk.
Two potential Gold trading ideas today:
#1. Price re-test above levels (1804-1805) or 1810-1811 levels.
We'd like to see this scenario than #2.
If price reject these resistance levels, we will try to short to the Imbalance area and Last Point of Support below.
#2. Price go downward first then re-test above levels (1804 or 1810)
If you need to see detail Wyckoff analysis of XAUUSD, let's see our previous post (below section).
We also marked key-levels on above chart.
Let's wait and see how the price reacts at these levels.
And we'll only enter when there is enough confirmation.
E.g about Confirmation
a reversal structure or a Wyckoff accumulation range on a small timeframe.
Will Gold grab Liquidity below ? What do you think ?
If you find the article useful or interesting,
Let's comment below !
------------------------------------------
Notes on using this gold trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Note
Then we want to see how the price reacts at above resistance levels.1809-1810
1814-1815
1820-1822 or above
Note
If Price break 1804-1805 levels, it can reach higher levels
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