XAUUSD | GOLD | DECRYPTERS | NFP

Hi people welcome to team DECRYPTERS

Today we will discuss nfp trade plan

" TECHNICAL ASPECTS "

-- initial bullish strucutre

-- bouncing from 0.618 fibo

-- bouncing from 200 daily ema

-- SMC involved (recent smc reversal as j-s)

--Bearish harmonic pattern forming
(last leg remaining to the up side )

--0.618 fibo level target

-- VIX 21 % up side (expecting reversal)

--DXY liquidity grab done , now expecting move to the down side

--LASTLY , tomorrow is Friday


" FUNDAMENTAL REASONS "

-- Last NFPdata was up 50% - 60% of avg nfp data( 300k)

-- if we look at pump ( we should expect some retracement)

--thursday unemployment data shows more people un employedmeaning less people at nfp so expecting less data.