Price on the last day of the week before news NON-FARM

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GOLDEN INFORMATION:
Ahead of the release of the United States employment report for June, the Gold Price (XAU/USD) exhibits a typical consolidation phase. In early Friday trading, it records a 0.10% increase, reaching around $1,935. This recovery comes after hitting a three-week low in the previous session. Apart from positioning ahead of data release, the Gold Price benefits from inactive US Treasury bond yields which contribute to its corrective bounce off multi-day lows.

Personal comments NOVA:
Before the extremely important news of NON - FRAM of the US, the gold price will have a fluctuation of 15-20 prices but the main trend is still down.

SET UP GOLD PRICE:
SELL GOLD zone: $1953 - $1955 SL $1963
TP 1: $1937
TP2: $1927


Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.

NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

评论:

Price is sideways in a narrow range 1930-1935 on news NON - FARM

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Update more ideas:

BUY GOLD zone : $1919-$1916
SL $1910

TP1: 1928
TP2: 1945

评论:

News Nonfarm payrolls ( july) .lower than expected, bad news for dollar, good news for gold. Gold price recovered slightly

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100pips NONFARM

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Gold price closed at 1942.4. According to the technical model, Nova analyzed the price to the area of ​​$1952 early next week.
SELL GOLD $1952-$1955
SL: $1965
TP1: $1945
TP2: $1939