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How to trade Gold on Non-Farm Payroll Data

Range bound trade could be seen before the release of NFP data scheduled at 19:00 IST.

Range: 1778 on Upside and Downside 1767.59

In previous article about Gold, our preferred view was bearish and 1736 were minimum expectation.

So that, looking for short trade in Intraday at 1778.17 with protective stops 1783 for the 1750.47/1746.8/1733.35.

Alternate count:  In case 1H candle close above 1778.17 after release of NFP DATA, will avoid short trade and go for Long with stop 1772 for the Target of 1791.17/1795.29.(Not a preferred view right now, but will act accordingly to win a battle).  

Happy Weekend.


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