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XAUUSD is recovering and increasing towards the resistance zone of yesterday's US session. The 3315 zone is considered a strategic zone for Nonfarm today. A sweep up and then collapse to the liquidity zone of 3250 will be scenario 1 for Nonfarm today. If this important price zone is broken, we will not implement SELL strategies but wait for retests to BUY. It is very possible that when breaking 3315, it will create a DOW wave with the continuation of wave 3 when breaking the peak of wave 1.
📉 Key Levels
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XAUUSD is recovering and increasing towards the resistance zone of yesterday's US session. The 3315 zone is considered a strategic zone for Nonfarm today. A sweep up and then collapse to the liquidity zone of 3250 will be scenario 1 for Nonfarm today. If this important price zone is broken, we will not implement SELL strategies but wait for retests to BUY. It is very possible that when breaking 3315, it will create a DOW wave with the continuation of wave 3 when breaking the peak of wave 1.📉 Key Levels
- SELL trigger: Reject resistance 3315.
- Target 3250
- BUY Trigger: Break out and retest resistance 3315
Leave your comments on the idea. I am happy to read your views.
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Join me to get Trading signals, Trading knowledge
☘️My Telegram Channel: t.me/VHTraderFX
☘️Contact: t.me/VHTTrader
☘️My Telegram Channel: t.me/VHTraderFX
☘️Contact: t.me/VHTTrader
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.