Gold consoldating higher prior to NFP?

٤ نوفمبر ٢٠٢١

XAUUSD typically has little to no movement the day before NFP (non-farm payroll) So I wouldn't expect large moves today but I do see a perfect breakout pattern today and the larger timeframes show the momentum towards the bullish side. Also gold has been consistently bouncing between these price ranges with the current range being on the low side.

I would recommend finding a good entry then closing out today before NFP because there's usually a stop hunt along with a huge push. Keep your eyes open and as always use a Stop Loss

This is the breakout pattern I mean