NFP GOLD had buy stop above previous adoji candle and sell stop below the same adoji next candle DUMPED!
During the last month GOLD has been ranging between the 1790-1930 levels. Sooner or later everything is changing and this will end. The news today are a suitable moment for a breakout of this range. The initial impulse is strong and we now have a close below the support. The next support to keep an eye on is at 1760! If you currently have any short positions you...
Firstly, I would like to highlight the breakout even from last sideway zone 1806-1809. The price gain momentum and going down almost immediately to 1797.88 before making pullback and close below the sideway zone. This show that now, the price will looking for the nearest resistance before continuing its journey to our buy zone. And as for now, after the price...
Tomorrow morning we get the July jobs report at 8:30a ET. Here are some ideas on how to trade pre-market economic data releases. Hint - you're gonna need to trade futures.
US100 = 15,210 NQ = 15,200 Lots of liquidity building above current price, we just need a good NFP, unemployment and wages number today. Going to sit it all out until after the Initial Balance and then see how much room to the upside is left. Obviously a lot changes after Tier 1, so we cold possibly test yesterdays balance area that built before the US open, in...
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...
During the last 10 months the correlation of surprises for ADP Nonfarm employment change and Nonfarm payrolls is positive (58%). This means that if we saw a negative ADP nonfarm employment change on Wednesday, we should see a negative nonfarm payroll today. This is however not certain. In fact, the February ADP came out with a -34% negative surprise while the NFP...
Goodmorning traders and welcome to the most important day of the rest of the month. It is exactly 1 year ago when gold made its all time high at $2075. The FED has two targets to raise interest rates and start tapering. The first is inflation above the 2% target per year (currently sits around 3.5%), so that is a check. ✅ The second is that the labor market gets...
Final chart from me, I realize I also said this a couple days ago lol, but I cant resist, a tight stop set up in GU with targets of 1.3960, Enjoy your weekends and lets go next week for more pips. Peace.
Good Morning traders! Hope you are well. Todays forecast will be done on the 1hr timeframe to give more information. We are still in a over uptrend/buying range, with liquidity built above current PA. Over the past week price has retraced down and is now within the discount of the buy range, this offers great opportunity to go long. As always we look left for...
Today we are waiting for one of the most important economic news to come out. This is NFP for July. It is published together with other employment news and it has a big effect on the market. That's why we expect more volatility in the moment of publishing. Technically we're looking at possible rise in price during the news. That doesn't mean you should be...
Well.... yet again it was not my final post, so from now on I will not bother saying it... Here we are harmonic completed and NFP coming up, can we see price rise to our targets to secure more profits? We will see. One thing we do know is NFP is gunna be a helluva ride. Enjoy folks, and I hope my analysis was helpful this week.
GBPUSD technical merit over powers that of EURUSD. Both bias are long in these markets, but better setup exists in GBPUSD longs. Comment Like Share Follow
Price breakout of daily rising channel confluence with H4 Head and shoulder. NFP prediction: Buy XXXUSD Sell USDXXX. Comment Like Share Follow
AAII Bullish sentiment Indicator @ All Time Highs. ROC irrational optimism abounds - while sentiment remains extremely negative @ 38%. Housing Prices remain in an extraordinary Bubble with the 10yr approaching 1% from YCC. The ES SPY SPX Trend SLOPE is increasing. USDX appears to be supportive ~ 92. A weak US DX will shove assets higher within the Negative DX...
Hello traders and welcome to the August NFP-week. It promises to be a volatile one. In a word, the Oxford English Dictionary defines "august" as "impressive": as has historically been the month of August for Gold. Last Saturday the Chinese PMI fell below 50.5, the lowest reading since the COVID-outbreak of February 2020. They say China is the factory of the...
XAUUSD, seems to be following suit as per AUD and NZD, and confining within channel going against our previous expectations of reaching 1760 for a long. The bulls may have come in early, we wait for bullish confirmations above 1812. Failing to do so, prior set up remains valid to 1760. Lets not forget that Friday is NFP!
Becaful this week so many incoming important news. We just see last FOMC how price suddenly spike upside to collect order SELL LIMIT. For incoming this first week in AUGUST ,i predict price will take BUY LIMIT order at 1730 below Short Selling for now until we get solid NFP data on Friday.