Analysis of NFP with New Moon Correlation
The new moon occurs on July 5, 2024, at 6:58 pm EDT. The potential for a reversal in gold during the new moon is quite significant, especially with the peak of the north declination.
If analyzed technically, gold usually rises, as seen by the formation of a base on the H4 chart and a breakout to the upside, creating market optimism that the price will rise during the NFP and break its resistance.
However, from my perspective, this is just a trap, I predict that gold will actually go down due to the new moon phase.
If analyzed technically, gold usually rises, as seen by the formation of a base on the H4 chart and a breakout to the upside, creating market optimism that the price will rise during the NFP and break its resistance.
However, from my perspective, this is just a trap, I predict that gold will actually go down due to the new moon phase.
Note
Tell me guys you are profitable or not.
If you take the Sell position in the first minute you have a chance to feel profitable because according to my outcome, NFP drops.
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.
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.