XAUUSD, Post-NFP (medium term)

This is the overall update from last week.

Price has broken important weekly resistance at 1225. Let's ride the wave and target next monthly resistance about 1238 and 1248 (another weekly resistance). Price can go up to 1225 (0.618 of monthly drop from 1337 - 1122).

Always watch price action before deciding where to totally exit.

Good Luck!

Operación activa:

Consider taking profits here, I am looking at retracement of 1220-1225.

Managed your own risk.

Operación cerrada manualmente:

Gold is trading at 1230 0.5 drop from 1137 to 1122, for those emotional bull, can close position first. Once trade above 1330 can continue long and target 1255.

Operación cerrada manualmente:

I am closing the trade manually because looking at major move of some major currencies and a DXY strong reversal today.

That is a coincidence that Gold is at 50% retracement. Better safe than sorry.

We can resume bullish if Gold is trading above 1331~1335 for 1 to 2 days.

As of now, Close all positions.