BUY ENTRY OUTLOOK: From the analysis posted earlier - Below is the range of my entry POI
⚠️USD NEWS ALERT - UNEMPLOYMENT CLAIMS⚠️ is incoming, we should expect high volatility in price
Gold always needs liquidity and imbalance to move during a high volatility news release and the demand close to price is probably a very strong inducement area waiting as liquidity for price.
We can either use buy limits or manual execution for this trade.
BUY ENTRY AREA - 2015 to 2018
:. 🚨🚨🚨 A bearish to bullish XAUUSD reaction to the UNEMPLOYMENT CLAIMS news might happen - STAY SAFE and Use Proper Risk Management and Trade Management
⚠️ Please LIKE, COMMENT and FOLLOW for future analysis⚠️
Comment
⋅
Unemployment Claim release underperformed on Gold but DXY shows it was bullish since the release was Positive.
I am still waiting for price to drop further, Maybe PMI would do that for us. Hopefully, we would get a trade today.
🚨FLASH PMI is Incoming🚨
Comment
⋅
🚨Incoming News: Flash Manufacturing PMI 🚨
This is an index estimate of manufacturing for a country, based on about 85% to 90% of total Purchasing Managers' Index (PMI) survey responses each month.
Hopefully this would drive price to our POI.
Comment
⋅
LESS IS MORE & PATIENCE IS KEY
Trade active
⋅
Demand has been activated
Comment
⋅
100 + pips in profit, Check recent post to see setup