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Nixxflixx
Jul 5, 2019 12:37 PM

thank you NFP for the strong expectations ! gold down Short

Gold/U.S. DollarFXCM

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Good afternoon,

Gold to be sold after all the long positions accumulated for the past few weeks over geopolitical news and jitters over the rate cuts.

NFP beats market expectations, all I needed was a strong 190K, but I was surprised with 224k.

Unemployment took a plug of 0.1%, up from 3.6%. Still ranging within probable range, nothing to be worried about.

Enter below the trend line (yellow) @1399 TP @ 1375 with a SL @ 1415.

Good luck
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