XAUUSD (Spot Gold) NFP DAY ANALYSIS 5-7-2024
Sell at: $2388-$2410-$2424-$2448
Buy at :$2310-$2285-$2265-$2242
CMP -$2364.97 (as of writing)
️ Warning: Do not risk more than 5% of your capital. You might lose your money.
Data scheduled to be published at 18:00 hrs -22:45 hrs
18:00-Average Hourly Earnings (YoY) (YoY) (Jun)
18:00- Hourly Earnings (MoM) (Jun)
18:00-Nonfarm Payrolls (Jun)
18:00-Participation Rate (Jun)
18:00-Private Nonfarm Payrolls (Jun)
18:00-U6 Unemployment Rate (Jun)
18:00-Unemployment Rate (Jun)
20:30-Fed Monetary Policy Report
22:45-ECB President Lagarde Speaks
Trading Strategy: Given the current market dynamics, we suggest the following:
🟢For Potential Rebound:
• Buy Entry Target Range: $2388(TP1)- $2405(TP2)-$2420(TP3)
For Potential Downtrend:
• Sell Entry Target Range: $2340(TP1)- $2325(TP2)- $2310(TP3)
Technical Status: XAUUSD:
D1 SMA100-P (2300.90) Buy
H4 SMA100-P (2372.79) Sell
H1 SMA100-P (2399.40) Sell
H4 SMA200-P (2405.16) Sell
RSI(14): Status: Oversold
STOCHRSI(14): Status: High Volatility
ROC: Status: Buy
William%R: Status:Buy
ATR(14): Status: Sell
SOC: Status: Sell