XAUUSD 1H NFP

7 Mei 2021

This is just an idea of our thoughts on NFP. No one can predict the move, however we can only try to do our best to estimate what we think will happen.

Excalibur has left us an indication of the price levels of 1834 and we have a lower level of 1770. We're expecting this to either push down slightly towards 1801-4 then push back up towards 1835 and then potentially do the drop.

The flip side to that is that this goes up straight into the KOG zone of 1835-40 then comes down towards 1800. If this is the case then we should expect this to go higher next week. Ideal scenario here is that it completes the move up and next week we can short this down towards our lower targets.

We would not recommend anyone to trade this unless you're an experienced trader. The moves usually don't give you an opportunity to think about your position and are there to catch you out.

KOG

7 Mei 2021

Nota

1834 Hit!! Lets see what it does here