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UnknownUnicorn25686702
Aug 6, 2021 3:22 AM

XAU- Before the storm. Long

GoldOANDA

Description

NFP day, the excitement for the month, and I have picked up on this harmonic structure on the 30m timeframe, Now if we can see DXY make a move down to S3 support and the weekly low around 91.80 this harmonic will work a treat, However you need to wait for confirmation of this move, we need volume or PA to tell us we have found support, currently price is struggling and hasnt reacted that strongly, but we are in a dead spot before London and New york and more importantly for today the NFP volume, Proceed with caution, but thought id share what I see currently with you guys.

Trade active

$1800, $1797 has a chance of being hit aswell, but overall it should hold above stop loss IMO.

Comment

Stop moved to $1791 to avoid BS

Trade closed: stop reached

Comments
JeronForex
with a 5 lot size position
JeronForex
i’m in at 1468
JeronForex
it’s going to 2k, trust me on this one mate. Short term tp would be 1829 in this case
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