Lingrid | GOLD Price ACTION Analysis ahead of NFP

4 oct

XAUUSD keeps testing the resistance area at 2660. On the daily timeframe, the presence of double long-tailed bars indicates some rejection at this level. Additionally, the price is still trading within Tuesday's range, where there may be resting liquidity above the high and below the low. Another bullish sign is the break and close above the downward trendline. I believe the market may retest the previous week's high. However, it is important to note that today is NFP day, which could potentially invalidate any bullish signs if the news comes out unfavorable for gold. Overall, I expect the market to move upward towards the PWH, but caution is warranted given the potential impact of the NFP report. My target is resistance at 2675


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻