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Elliot_Myers
Sep 1, 2016 7:54 PM

Historically worse payrolls means long Gold is a viable option Long

Gold/U.S. DollarFXCM

Description

Historically September has the worst non farm pay roll figure of the year which opens up opportunities to buy the ultimate safe haven asset Gold.

Below is a play with price moving lower into previous structure and finding support. On the poor payrolls price will surge towards target 1 and further weak dollar news could see target 2 achieved as well.

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