Friday's NFP turned out to be a non-event, with gold prices remaining stuck in their familiar range between 2,895 and 2,930.
Following the announcement, prices initially spiked to resistance but quickly retreated to the middle of the range by the weekly close.
Looking ahead, my outlook remains unchanged—I expect a break below the 2,895 support level. If this happens, we could see accelerated downside momentum, potentially testing recent lows in the 2,830–2,840 zone.
My strategy also remains the same: selling rallies against the range’s resistance.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Following the announcement, prices initially spiked to resistance but quickly retreated to the middle of the range by the weekly close.
Looking ahead, my outlook remains unchanged—I expect a break below the 2,895 support level. If this happens, we could see accelerated downside momentum, potentially testing recent lows in the 2,830–2,840 zone.
My strategy also remains the same: selling rallies against the range’s resistance.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.