XAUUSD - PAYROLL WEEK
Hello Trader,
XAUUSD managed to close last Friday in the positive territory, making a low around 1721 and ending the week at 1760 ahead of NFP.
2021 till today XAUUSD lost 7%.
Currently Gold is trading @1768, We see critical resistance ahead (mentioned in a chart - yellow lines). Before NFP investors are more cautions for aggressive trades.
We see this rally as a correction before Payroll and upside seems limited. We are bearish on Gold.
Close the day above 1780-1784 (can be bullish)
Close below 1760-1757 (Bearish)
We do not provide any financial advice, all ideas shared on trading view is our view and not necessarily in line with yours.
If you like the idea kindly follow and like.
Thanks.
XAUUSD managed to close last Friday in the positive territory, making a low around 1721 and ending the week at 1760 ahead of NFP.
2021 till today XAUUSD lost 7%.
Currently Gold is trading @1768, We see critical resistance ahead (mentioned in a chart - yellow lines). Before NFP investors are more cautions for aggressive trades.
We see this rally as a correction before Payroll and upside seems limited. We are bearish on Gold.
Close the day above 1780-1784 (can be bullish)
Close below 1760-1757 (Bearish)
We do not provide any financial advice, all ideas shared on trading view is our view and not necessarily in line with yours.
If you like the idea kindly follow and like.
Thanks.
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