dramadon

Go Long on Gold For NFP

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Symmetrical triangle forming on the 4HR time frame. I see price retracing back to the 618 Fibonacci zone before continuing bullish momentum to break out of the triangle. Several bullish confirmations are all happening at once with price being above the 200 EMA and a cross that just happened below the zero line of our MACD indicator. With NFP reporting tomorrow morning, I also expect to see an insane increase in price because of record unemployment numbers because of COVID-19. This may be a swing trade to the upside.

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