Lingrid | GOLD the Calm Before the NFP Storm

לפני 19 שעות

The price perfectly fulfills my last idea. It reached the target level. XAUUSD market is making higher highs, but it appears to be lacking momentum, as these highs are not particularly strong. It seems that the price has reached the resistance zone, potentially setting the stage for a drop after the NFP is released. If the market rejects the resistance zone, we could see a bearish move, possibly closing this week within the range of the previous week. However, given the uncertainty surrounding the market’s reaction to the news, there is a possibility that the price could move in either direction, which calls for a cautious approach. I expect short-term pullback from the resistance. My goal is support zone around 2658

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻