Hello Traders,
we were expecting the shorts to play out pre-NFP but since that did not happen, we are currently anticipating price to react from 1819-1825 for shorts.
The rejection could be just a spike from news events and a quick continuation to the downside.
GOLD is still very bearish and has potential to reach to the 1760 level !
I will not be taking the trade myself, this is just for educational purposes.
Feel free to ask any questions if need be.
Disclaimer:
This is not financial advice, trading entails high risk and is not suitable for everyone.
This analysis is solely for educational purposes
Kind regards,
ETGL TEAM 💛
we were expecting the shorts to play out pre-NFP but since that did not happen, we are currently anticipating price to react from 1819-1825 for shorts.
The rejection could be just a spike from news events and a quick continuation to the downside.
GOLD is still very bearish and has potential to reach to the 1760 level !
I will not be taking the trade myself, this is just for educational purposes.
Feel free to ask any questions if need be.
Disclaimer:
This is not financial advice, trading entails high risk and is not suitable for everyone.
This analysis is solely for educational purposes
Kind regards,
ETGL TEAM 💛
הערה:
There is a possibility that price could go up to 1829-1832 as well before the drop