Dear Trader,
Quite happy with what gold did today. I have been waiting for the retest of the 1680 zone one more time and this was actually fast-tracked with increase unemployment rate despite the increase in NFP for the month. I believe Gold is at a very strong resistance right for the 4th time in the last in the last 8 weeks after the initial break down and has been rejecting the 1616 zone since then.
Gold is not able ti breakout this time to the upside above 1700, then we should expect significant downward trend to the weekly order block in the lower blue zone.
The best way to make money in this market is to wait and watch price action and follow the market direction.
Will be waiting to see what happens next week.
Enjoy your weekend!
Quite happy with what gold did today. I have been waiting for the retest of the 1680 zone one more time and this was actually fast-tracked with increase unemployment rate despite the increase in NFP for the month. I believe Gold is at a very strong resistance right for the 4th time in the last in the last 8 weeks after the initial break down and has been rejecting the 1616 zone since then.
Gold is not able ti breakout this time to the upside above 1700, then we should expect significant downward trend to the weekly order block in the lower blue zone.
The best way to make money in this market is to wait and watch price action and follow the market direction.
Will be waiting to see what happens next week.
Enjoy your weekend!
FINSPOT ACADEMY