XAU ! NF ! decision for the market to fall sharply

6. Sept.

XAU / USD trend forecast September 6, 2024

The ADP National Employment Report released Thursday showed that US private-sector jobs increased by 99,000 in August, the smallest rise since January 2021, missing the forecast of 145,000. July’s figure was also revised down to 111,000 from 122,000. Additionally, job openings fell to 7.673 million in July, a three-and-a-half-year low, indicating a weakening labor market.
Sideway below 2500 is a good signal for Gold in the near future, waiting for interest rate cut in September 2024

Based on H4, resistance and EMA 200 line to set up SELL signal

/// SELL XAU : zone 2528-2531

SL: 2536

TP: 50 - 150 - 300 pips (2501)


Safe and profitable trading

6. Sept.

Trade ist aktiv

Gold price is trending up and returning to resistance at 2530, waiting for SELL entry

6. Sept.

Trade ist aktiv

Gold price continues to maintain accumulation - suppression before NF

6. Sept.

Trade ist aktiv

+ 210 pips , Plan day SELL 2528-2531 . Profit from entry SELL