GOLD retest and bounce to the upside!! (AN UPDATE POST NFP NEWS)
1. As expected in my previous analysis,
we were expecting a clean BO to the upside.
because what drives the market like this?
that's right, major news like NFP does.
2. Previous higher time frame candles closed were
very bullish. that gives us conviction to go long
on this pair.
3. NFP news was bad for the USD
4. Price established a good support at 1807 area
in the previous day.
5. I'd also like to point out on the previous day, price wasn't able
to continue the momentum to the upside indicating that
big guys were waiting for the news and it's typical for the
gold to react this way a day before NFP.
6. With this, I'm expecting the price to drive higher past 1830 level.
we were expecting a clean BO to the upside.
because what drives the market like this?
that's right, major news like NFP does.
2. Previous higher time frame candles closed were
very bullish. that gives us conviction to go long
on this pair.
3. NFP news was bad for the USD
4. Price established a good support at 1807 area
in the previous day.
5. I'd also like to point out on the previous day, price wasn't able
to continue the momentum to the upside indicating that
big guys were waiting for the news and it's typical for the
gold to react this way a day before NFP.
6. With this, I'm expecting the price to drive higher past 1830 level.