Gold before nonfarm data
Updated
⚡️Market news
Gold price is briefly coming up for fresh air, as the United States Dollar (USD) has entered a phase of consolidation after two straight days of downside correction from an 11-month top. The subdued tone around the US Dollar could be attributed to a slightly upbeat mood in the Asian session this Friday, despite mixed Chinese property market developments.
Shares of Sunac China Holdings Ltd. surged after the property giant became one of the rare firms to obtain approval for a debt restructuring plan. Meanwhile, Shares of China Evergrande Group fell over 10%, limiting the gains in the Asian indices. Hong Kong’s Hang Seng, however, is rallying 2% on the day.
⚡️Optimus's point of view
Gold prices are currently consolidating between $1,820 and $1,830 as market participants prepare for the upcoming US Nonfarm Payrolls (NFP) data expected to be bearish due out at 7:30 p.m. This six. Investors wait to see what the US economic outlook will be based on the Federal Reserve's (Fed) expectations.
⚡️Plan trading
Buy zone 1917-1914 during the Asian and European sessions
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Gold price is briefly coming up for fresh air, as the United States Dollar (USD) has entered a phase of consolidation after two straight days of downside correction from an 11-month top. The subdued tone around the US Dollar could be attributed to a slightly upbeat mood in the Asian session this Friday, despite mixed Chinese property market developments.
Shares of Sunac China Holdings Ltd. surged after the property giant became one of the rare firms to obtain approval for a debt restructuring plan. Meanwhile, Shares of China Evergrande Group fell over 10%, limiting the gains in the Asian indices. Hong Kong’s Hang Seng, however, is rallying 2% on the day.
⚡️Optimus's point of view
Gold prices are currently consolidating between $1,820 and $1,830 as market participants prepare for the upcoming US Nonfarm Payrolls (NFP) data expected to be bearish due out at 7:30 p.m. This six. Investors wait to see what the US economic outlook will be based on the Federal Reserve's (Fed) expectations.
⚡️Plan trading
Buy zone 1917-1914 during the Asian and European sessions
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Note
Plan buy + 50 pipsTrade closed: target reached
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Gold price is briefly coming up for fresh air, as the United States Dollar (USD) has entered a phase of consolidation after two straight days of downside correction from an 11-month top. The subdued tone around the US Dollar could be attributed to a slightly upbeat mood in the Asian session this Friday, despite mixed Chinese property market developments.Trade active
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