XAUUSD Price Action Breakdown

1 giu 2022

Gold has been in a range for almost two weeks with price bouncing back and forth between 1867 and 1829 (about 37 points). I think that the NFP report will bring in volume to push price out from this major range and could possibly continue the bullish trend on the daily TF. As long as the level of support holds around 1843 or 1838, we could see more bullish momentum as the week comes to a close. For now, I have mapped out some scalp trade opportunities going into the Asian session and possibly the NY session tomorrow.