Good day everyone. XAU continues trading sideways between 1269 and 1281 being 1281 a key resistance blocking attempts to rally before NFP.
My view is still bearish but I'm not taking a position before the NFP release because based on my strategy I consider it quite risky as any move either side of the current price could easily extent USD 20 on price either up or down.
If you consider going short anytime your SL order must be placed @1283. I would not recommend going long as of yet since the potential for a USD 20 drop is still present.
Disclosure: I´m not in a position however I´m considering going long tomorrow if actual price action gives me any signal after the NFP release.
My view is still bearish but I'm not taking a position before the NFP release because based on my strategy I consider it quite risky as any move either side of the current price could easily extent USD 20 on price either up or down.
If you consider going short anytime your SL order must be placed @1283. I would not recommend going long as of yet since the potential for a USD 20 drop is still present.
Disclosure: I´m not in a position however I´m considering going long tomorrow if actual price action gives me any signal after the NFP release.
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