Hello,
We are approaching a fundamental rally between tomorrow and Friday with the following economic events:
ADP (Automatic Data Processing) Non-Farm Employment - Expecting bad numbers
Unemployment Claims - Expecting bad numbers
PMI - Expecting good numbers
Average Hourly Earnings - Expecting bad numbers
NFP - Expecting good numbers
Unemployment Rate - Expecting good rate
Taking all this information and analyzing it, there is a 50/50 expectation towards the market. There is a very high possibility that Gold will drop into recent demand areas where Buys for me make a lot more sense at the moment continuing the strong bullish momentum it has had. I will be analyzing the following areas for High Risk High Reward Buys:
Zone 1 - 1893 (HRHR Buys)
Zone 2 - 1883 (HRHR Buys)
1st TP - 1912
2nd TP - 1923
From here to tomorrow I can easily see there will be consolidation preparing for the news on Thursday and Friday. If you see price taking a specific direction then consolidating it is preparing to do the complete opposite. In my experience Gold sets and prepares itself at a certain area which becomes a high demand zone, order block and then once news is released the orders will release as well.
Safe trading!
We are approaching a fundamental rally between tomorrow and Friday with the following economic events:
ADP (Automatic Data Processing) Non-Farm Employment - Expecting bad numbers
Unemployment Claims - Expecting bad numbers
PMI - Expecting good numbers
Average Hourly Earnings - Expecting bad numbers
NFP - Expecting good numbers
Unemployment Rate - Expecting good rate
Taking all this information and analyzing it, there is a 50/50 expectation towards the market. There is a very high possibility that Gold will drop into recent demand areas where Buys for me make a lot more sense at the moment continuing the strong bullish momentum it has had. I will be analyzing the following areas for High Risk High Reward Buys:
Zone 1 - 1893 (HRHR Buys)
Zone 2 - 1883 (HRHR Buys)
1st TP - 1912
2nd TP - 1923
From here to tomorrow I can easily see there will be consolidation preparing for the news on Thursday and Friday. If you see price taking a specific direction then consolidating it is preparing to do the complete opposite. In my experience Gold sets and prepares itself at a certain area which becomes a high demand zone, order block and then once news is released the orders will release as well.
Safe trading!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.