XAUUSD (GOLD) - Analysis - (short term trade)

Hello Traders!

I believe we are still going to see a push to the downside from 1807-1809 area at least to 1787-1788 before we see any correction

I would just be very cautious when it comes to risk management as we have NFP today and price could prove to be very volatile.

Happy trading wishing you a great day ahead and happy weekend in advance

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Note:

This is not financial advise, as trading entails high risk and is not suitable for everyone. These are to be used for educational purposes ONLY!


Many thanks,
ETGL Team 💛

Comment:

If price does not respect 1816-1818 area before NFP then we might get to higher levels before we see bearish action again

Comment:

Overall gold is still bearish. Expecting some spikes to the upside before we continue pushing down !

Comment:

If you're in the trade move stops to breakeven and take partials