FX:XAUUSD   Gold Spot / U.S. Dollar
78 3
You should open long position when the price is over 1250. Because it is bullish engulfing pattern, and the price cannot break out fibonacci at 0.764. Therefore the price will rebound to go to 1277 and 1306 in extension.
I still think gold has to bounce back the 1268-72 are or even more, and it might gonna happen as a spike and than down again... I cant trade NFP today but I expect a bull spike and than bear back.
Hi, same view here, lets wait where the prize gonna close today, if is above 1250 than 2morrow still up but 2morrow also NFP so it's mean the morning gonna be flat than the prize can move both side... What do you think, where the prize will move?
Now price move around 1253 and side way then it might move up to 1263-1268. If NFP is negative, price move to 1277 you should close order which profit. But NFP is positive you should cut loss order. I belive price move up to 1263. How do you think about NFP?
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