NFP ON XAUUSD (GOLD)
POTENTIAL NFP MOVEMENT 5th MAY 2023
Based on the shared analysis, it is anticipated that the BUY position will be realized first and is expected to reach 2066. However, it is recommended to set a break-even point if you choose to hold on to the position until the target profit is achieved, as the price movement is anticipated to be rapid. The same approach applies to the SELL position, with a target profit set at 1896 and a break-even point recommendation.
It is crucial to note that these trades are strictly related to the NFP (Non-farm Payroll) report and that it is recommended to risk only what can be afforded to lose. Proper money management is highly advised to be implemented at all times.
Based on the shared analysis, it is anticipated that the BUY position will be realized first and is expected to reach 2066. However, it is recommended to set a break-even point if you choose to hold on to the position until the target profit is achieved, as the price movement is anticipated to be rapid. The same approach applies to the SELL position, with a target profit set at 1896 and a break-even point recommendation.
It is crucial to note that these trades are strictly related to the NFP (Non-farm Payroll) report and that it is recommended to risk only what can be afforded to lose. Proper money management is highly advised to be implemented at all times.
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