as we know today we have unemployment change, we are looking at 236k forecast, it seems that dollar is still weakening and my bias on gold is still bullish.
we wait for the price to easily make a new support area around 1945-1946, and after that with news results coming, it may reject 1945 and go right above 1948.20.
so i may put some pending orders above my upside rectangle, for catching a bit of profits.
price may have some slippages, because we also have core PCE price index, so also put my tp around 1952. and wait the rest run.
price may reject 1952 and come back down, so close your open orders ASAP.
lets see how the market goes, always use proper risk management pleaaaaaase.
we wait for the price to easily make a new support area around 1945-1946, and after that with news results coming, it may reject 1945 and go right above 1948.20.
so i may put some pending orders above my upside rectangle, for catching a bit of profits.
price may have some slippages, because we also have core PCE price index, so also put my tp around 1952. and wait the rest run.
price may reject 1952 and come back down, so close your open orders ASAP.
lets see how the market goes, always use proper risk management pleaaaaaase.