XAU#13: First NF under Trump, Gold Heading for $2900?
💎 💎 💎 Yesterday XAUUSD had a slight correction. The current optimization has an important information which is the first Non-farm data under Trump. We will analyze and find trades for today: 💎 💎 💎
1️⃣ **Basis of analysis:** 📊 Yields may remain at a higher neutral level ⚫Dallas Fed President Logan said that interest rates may be close to neutral and do not need to be cut further, unless the labor market weakens. ⚫Even if the 2% money leaf is completed, the Fed can still maintain current interest rates. 👉 Impact of Trump administration policies ⚫Provided to track the impact of tax policies, tax cuts and import controls to deal with growth and employment. ⚫Uncertainty about how the economy will react to these changes. 🚀 ✅️First Non-Farm Data Under Trump | Forecast Big Change, Gold Heading Towards $2900?
2️⃣ **Technical Analysis:** 🔹 **D Frame**: We have not seen anything significant in yesterday's trading. The D structure price has not changed yet. 🔹 **H4 Frame**: There is a price correction found but has not been able to reach the trend line below. By dark today there will be a Nonfarm news. The price line is still SW and there is no clear sign 🔹 **H1 Frame**: As everyone has seen, the price has broken through the trend line back to the uptrend. But this is the ancient creature area. We need to investigate further to find a better service location
3️⃣ **Trading plan:** ⛔ The current area is not suitable for trading. The price line has adjusted and reacted strongly by breaking the trend of the moderate adjustment rhythm, Prioritize BUY positions, but pay attention before the NF news is announced, the market may sweep both ends.
✅ The first non-agricultural data under Trump is an important news and attracts a lot of market opinions. If the data is weak, gold may rise to 2900; if strong, gold may adjust around 281x~282x. 💪🚀 **Wish you successful trading!**