TWO POSSIBLE SCENARIOS ON GOLD
HI Traders,
Whilst keeping my Bullish bias until after NFP today, I see two possible scenarios depending on the news. There are a number of news for the US. Average Hourly Rate, Non-Farm Payroll (NFP) and the unemployment rate. These are three major economic indicators.
if the three turns out negative, i will be very near 100% probability for a bullish gold. If the three turns out positive, I will go bearish on Gold to the daily weekly support in the next couple of days.
With mixed results but with negative NFP and unemployment rate, I will keep my bullish bias but be a little more patience to see what key levels would respected before taking a buy trade.
Whilst keeping my Bullish bias until after NFP today, I see two possible scenarios depending on the news. There are a number of news for the US. Average Hourly Rate, Non-Farm Payroll (NFP) and the unemployment rate. These are three major economic indicators.
if the three turns out negative, i will be very near 100% probability for a bullish gold. If the three turns out positive, I will go bearish on Gold to the daily weekly support in the next couple of days.
With mixed results but with negative NFP and unemployment rate, I will keep my bullish bias but be a little more patience to see what key levels would respected before taking a buy trade.
FINSPOT ACADEMY
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