It's the time for gold to retrace from last weeks heavy price drop.
NFP made the new low (broke 1732.36) to trigger bulls into taking positions with take profits at 1781.64
Looking for a bounce of an invalid head and shoulders setup on 1762.81 to form the retest @ ~1781.64
Then back to the fundamental bias of DXY bulls and commodity bears to extend the gold price drop to down to 1710.77
NFP made the new low (broke 1732.36) to trigger bulls into taking positions with take profits at 1781.64
Looking for a bounce of an invalid head and shoulders setup on 1762.81 to form the retest @ ~1781.64
Then back to the fundamental bias of DXY bulls and commodity bears to extend the gold price drop to down to 1710.77
Note
Noticed some brokers never made a new low with NFP just gone to activate a perfect entry. Beware!
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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.