A work-in-progress

FX:XAUUSD   Gold Spot / U.S. Dollar
85 0 4
We are entering a crucial period for precious metals aka the safe havens. Personally, I am bullish on gold             and silver             , and not so much for USD, regardless of any time period because those are real money.

Comments, criticisms, thoughts, opinions, all welcomed.
Comment: I am expecting a positive NFP tomorrow (as I'm sure everyone is). Would be a good time to catch XAUUSD at a nice low price to go long. However, I will wary of extreme volatility during this period.
Comment: Approaching NFP and the weekend. I think this idea stays valid as long as there is no upwards breakout here and enters the red zone.


We got here pretty quickly. There's a rejection off 1285.00 @ .50 fib line. I'm expecting it to rest this level again before possibly heading upwards.
Comment: Eyeing a long position at 1274 level.
Trade closed manually
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