Fundedtrader
Gold : Buyers need weak data from USAFOREXCOM:XAUUSD
🌘Gold buyers trying with 2346 Support level which is in the past used as support and resistance level.
🟣Gold goes up past week because of GDP and Unemployment calims weak datas.
🔵The expectation todays JOLTs Job Openings from 8.488 decrease to 8.350 also
JOLTs Job Quits 3.329 decrease to 3.200.
🟡Decrease more than forcast Job Openings could effect to Consumer Confidence and Wage growth and Disposable Income.
🟢By the way Investors should consider to Quit job data because downtrend in Quit job
shows doubt in the labor market.
⚪Weaker conditions in the labor market may push FED to take less Hawkish stance on Intrest Rates.
🔶 Supoort levels: 2331 , 2321 💤Weak rsistance: 2339 🔷Resistance level: 2346
Last Trade of 2023 - AUD/CAD LongMight be the last trade of the year for me. Swing trade on the H4/H1 timeframe confirming the bullish structure with a candle's close above the previous highs. Retest on the H4 OP of the bullish impulse, imbalance closed. Change of structure on the H1 and entry on the retracement. (H4 Bearish candle with rejection and high volumes = high effort, small result for sellers).
Retested 75% quarter of the dealing range (Quarter's theory), targeting the next high. Good luck traders and happy holidays