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Trading signals for #GOLD → NFP could break resistance

2023-09-01 13:25 GOLD Forecast

👑 Ideas For XAUUSD / GOLD

📈 GOLD → NFP could break resistance

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XAU is forming a consolidation after breaking the resistance of the wedge. On D1, the price is stopping near a strong level and preparing for something-o

Consolidation above the previously broken line forms a potential, it can be either a break of resistance and formation of further momentum, or a false break of a strong level and further fall.

Now everything depends on Unemployment and NFP, the data will be published soon.

On the chart we see the formation of a symmetrical triangle, in this case it means a strong accumulation before a breakout to one side or the other.

Support levels: 1942

Resistance levels: 1947

I expect a strong reaction on the background of the approaching news. A breakout of the figure boundaries will give us a strong reaction in the market.

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#XAUUSD 👑

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