XAUUSD (GOLD)- NFP WEEK
Last week we saw a continued downtrend in gold. This week we have approached a major support zone, that being said we can expect some trend continuation and possibly a period of consolidation before a breakout to continue this trend or a reversal. A catalyst for this directional breakout could come by the end of the week with the NFP reports being released on Friday. Major Zones and targets are plotted. Trade according to plan.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.