Gold is sideways during the day nonfarm news is really important
Actualizado
In yesterday's trading, gold prices have moved in the 2010-2035 range since the release of the ADP-NONFARM data, but are still on the short side as resistance areas above the 2030-2035 threshold are pushing prices down. The favorable situation continues. News regarding unemployment benefits applications will be released today at 8:30 p.m.
+ First Unemployment Insurance Claims measures the number of people who applied for unemployment insurance for the first time in the past week. These are the earliest US economic data, but the impact on the market varies from week to week. +Actual data that is higher than forecast should be considered a negative/downtrend for the USD, while actual data that is lower than the forecast should be considered a positive/uptrend for the USD. In US dollars. XAUUSD Analyst Commentary December 7, 2023
(1) Purchase restrictions 2005-08
SL: 2000
City: 2015-2025-2035
(2) Sales restrictions 2035-38
SL: 2042
TP: 2025-2015-2005
+ First Unemployment Insurance Claims measures the number of people who applied for unemployment insurance for the first time in the past week. These are the earliest US economic data, but the impact on the market varies from week to week. +Actual data that is higher than forecast should be considered a negative/downtrend for the USD, while actual data that is lower than the forecast should be considered a positive/uptrend for the USD. In US dollars. XAUUSD Analyst Commentary December 7, 2023
(1) Purchase restrictions 2005-08
SL: 2000
City: 2015-2025-2035
(2) Sales restrictions 2035-38
SL: 2042
TP: 2025-2015-2005
Nota
Yesterday's trading session, the market did not have too many fluctuations, going exactly as predicted before, only fluctuating around the 2020-2040 area.Today, before the NONFARM news happens, it is likely that the market will still move sideways and accumulate.
In Asia and Europe, we will still watch the 2020-2037 price bands for trading
------ Selling around the price range 2036-2038
City: 2030-2025-2020
Sl: 2043
------ Buy around the 2020-2021 price range
City: 2025-2030-2035
Sl :2013
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NOFARM scenario when entering the US
If the price drops before the 2020 area, it may increase again, the target could be the 2070 area.
The price moves up to the 204xx zone and if it breaks through the target, it will fall back to the 2000 zone
------ Selling around the price range 2043-2045
City: 2030 -2020-2010
Sl: 2055
------ Buy around the 2000 price range
City: 2007-2015-2020
Sl: 1990
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