fbpx
  Previous   Next
HomeBusinessHow to trade Gold on Non-Farm Payroll Data

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.

More News

Eknath Shinde Will Be New Chief Minister of Maharashtra: Devendra Fadnavis

Eknath Shinde will be the new Chief Minister of Maharashtra, said BJP leader Devendra Fadnavis during a press conference on Thursday. The announcement came...

Coronavirus: India Reports 14,506 New Covid Cases

India logged 14,506 new coronavirus cases in the last 24 hours, taking the total number of COVID-19 cases to 4,34,33,345. According to the Union...

Russian Prez Is Getting ‘Exactly What He Didn’t Want’: US Prez

US President Joe Biden on Wednesday said Russian President Vladimir Putin is getting ‘exactly what he didn’t want’ the NATO-nation of Europe, the media...

RELATED NEWS

Akash Ambani Is The New Chairman of Reliance Jio

Mukesh Ambani’s son, Akash Ambani, was named chairman of the board at Reliance Jio on Tuesday, signaling a transition in leadership for one of...

G7 Agrees To Explore Imposing A Ban On Transporting Russian Oil

The Group of Seven economic powers has agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain...

Sensex Rises 433 Points, Nifty Settles At 15,832

The Benchmark indices ended higher for the third straight session on June 27 with Nifty above 15800 amid buying across the sectors. At close, the...