Strategic Gold Trading in NFP Week: Steady Positioning
Strategy Overview: This week, marked by the upcoming Non-Farm Payroll (NFP) data release, is likely to see limited market movement in the initial days (Monday and Tuesday) with price oscillations predominantly within a narrow range. Main volatility is expected between Wednesday and Friday evening. Based on last Friday’s daily chart analysis, gold prices are consolidating within the 2720-2740 range. Accordingly, today and tomorrow’s strategy involves maintaining positions within this range, employing a cautious approach.
Specific Trade Setups:
Enter long positions on gold between the 2725-2728 range
Initiate short positions on gold between the 2737-2739 range
Trading Mindset: Maintain composure, adhere strictly to the strategy, and seek optimal entries to capitalize on potential price swings during NFP week.
Specific Trade Setups:
Enter long positions on gold between the 2725-2728 range
Initiate short positions on gold between the 2737-2739 range
Trading Mindset: Maintain composure, adhere strictly to the strategy, and seek optimal entries to capitalize on potential price swings during NFP week.
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Strategic Gold Trading in NFP Week: Steady Positioning
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