If Gold breaks past 4095, it should prolly continue into the sup/res zones surrounding 4105 and 4120. So possible support at 4090 and resistance at ~4120? (4130 peak seemed to be a liq. sweep IMO)
GOLD
Make More Money - Eliminate DRAMA 11 replies
Just posting my trades, everyone is welcome but no drama 2 replies
DislikedToday plan: ( not a advice) DECISION POINT 4100...stubborn target 4200_4240. As long as 4040 hold...consider to Buy only setup. 4000 break down at NY will bring to 3950 or lower. Risk calculatef 40_50 pips....4040 to 3990 as stop loss. Dont follow blindly, will adaptive to time to timeIgnored
DislikedMorning all!!! Today's NFP might decide upcoming fed rate cut decision. so previous data was 22k, forecast data is 53k. so basically it means bad news for gold and we should look for sells. but overall if we see 53K is not a huge number which can say that fed will hold rate cut. What i feel is anything around 50 - 60k is like okay okay which might tempt towards rate cut. if the data comes more than 100k then it definitely no rate cut. if data comes around 22 to 40k maybe higher chances of rate cut which might take gold to one side bullish. 2nd thing...Ignored