The price of gold is currently trading quietly, with little movement and continuing to trend sideways. It is expected that the price remains unchanged from the start of today's trading session.
The USD and bond yields continue to pose a threat to gold, as any attempts to increase its price are being suppressed. However, today's trading session appears to be stable, as market sentiment seems to be focused on the release of the US Labor Department's September employment report on Friday. Therefore, it is likely that gold will continue to fluctuate within a narrow range of $1830 - $1815 before the event takes place and clarifies the direction of gold.
Trading plan for October 5th:
XAUUSD Buy zone 1818-1820
SL 1815
TP 1830
The USD and bond yields continue to pose a threat to gold, as any attempts to increase its price are being suppressed. However, today's trading session appears to be stable, as market sentiment seems to be focused on the release of the US Labor Department's September employment report on Friday. Therefore, it is likely that gold will continue to fluctuate within a narrow range of $1830 - $1815 before the event takes place and clarifies the direction of gold.
Trading plan for October 5th:
XAUUSD Buy zone 1818-1820
SL 1815
TP 1830
Note
+ 50 pips for plan buyNote
Good luck every oneNote
update new strategyNote
support zone 1815 is strongNote
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.