BUY ENTRY on XAUUSD (GOLD)

BUY ENTRY OUTLOOK: From the analysis posted earlier - Below is the range of my entry POI

⚠️USD NEWS ALERT - UNEMPLOYMENT CLAIMS⚠️ is incoming, we should expect high volatility in price

Gold always needs liquidity and imbalance to move during a high volatility news release and the demand close to price is probably a very strong inducement area waiting as liquidity for price.

We can either use buy limits or manual execution for this trade.

BUY ENTRY AREA - 2015 to 2018

:. 🚨🚨🚨 A bearish to bullish XAUUSD reaction to the UNEMPLOYMENT CLAIMS news might happen - STAY SAFE and Use Proper Risk Management and Trade Management

⚠️ Please LIKE, COMMENT and FOLLOW for future analysis⚠️

Note

Unemployment Claim release underperformed on Gold but DXY shows it was bullish since the release was Positive.

I am still waiting for price to drop further, Maybe PMI would do that for us. Hopefully, we would get a trade today.

🚨FLASH PMI is Incoming🚨

Note

🚨Incoming News: Flash Manufacturing PMI 🚨

This is an index estimate of manufacturing for a country, based on about 85% to 90% of total Purchasing Managers' Index (PMI) survey responses each month.

Hopefully this would drive price to our POI.

Note

LESS IS MORE & PATIENCE IS KEY

Trade active

Demand has been activated

Note

100 + pips in profit, Check recent post to see setup

Note

So I was banned for some days by TradingView

MaximFxBoss

Also on:

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.

MaximFxBoss

Also on: