XAUUSD APPROCHING AROUND MINOR RESISTANCE ZONE OF 1890.155 Let us see if it will break it above, but according to my view i see Gold in Bearish intact if it retests around 1890 minor resistance Zone. If that occurs, then price will decline until 1850.470 Strong Resistance Zone.
Whenever confidence in the global economy is down and traders are fearful, we typically see traders take their money out of the stock markets, which leads to a drop in the values of the S&P500.
The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. The US economy continues to make steady progress towards ‘full employment’ as experienced pre-pandemic.
Consider NFP TOMORROW, Upon breakout DXY will move around 104
After retesting just look for bearish confirmation, The trend if your friend
On Daily Chart Bearish Candle engulfed previous candle giving a sign of bearish intact. On 4 hour chart we wait for retracement to finish and look on bearish signal. BOOM TRADE SAFE
Wait for retesting to finish then wait wait for bearish confirmation, expecting 100 pips to the Bank. On Daily chart bearish engulfing if formed.
DXY EDGES HIGHER after breakout. The Federal Reserve begins a two-day meeting which is expected to end in half-point rise in U.S. interest rates.
The Price Broke around the support zone, and retested it around the continuation pattern, wait for the breakout after consolidation, BOOM, we go lower around 140 pips.
TRADE SAFE WAIT FOR CONFIRMATION, TO SELL, BREAKOUT AND RETEST, BOOM.... MAKE PROFITS. The price now is consolidating....................................
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