gorkemaydogan

Gold gains with low NFP data

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Hello Traders TGIF ,

After having our profits shorting XAUUSD , Today low nonfarm payroll data showed US Economy is not ready to reach expected rebound.

Gold seemed to finish its correction period and ready to gain momentum to reach my long term targets. Price should stay above 4H MA50 priced 1895 right now.

I opened my long position at 1875 and my short term target is 1945. I will follow up the price action until market close.

Trade safe and have fun!

Remember to like and comment what you think.

Have a lovely weekend.