XAUUSD TRADING ANALYSIS

I am waiting for price to get to a demand level to buy again although momentum has reduced

Yeah that's true

Setting limits is not the main plan, the plan is to watch the reaction to know if the sells at the box would have worked out even though it did

I don't see any opportunity to join the market now because NFP has pushed price higher with great momentum

Missed Trades are better than lost ones, you can still reassess price and then look for another opportunity

Yeah that's true

Price changed direction here

I didn't sell because I wasn't actively watching price

I closed at BE and bought again just a scalp held for 30min although I was taking trades against the trend based on short opportunities, but closed at 3k each

With gold current rally am not sure NFP move on gold will be much except a negative move, because gold had really pumped already

As NFP set to unfold it's data, been curious, where price will react from

Price has traded higher because of the news

Immediately after NFP release I decided to take a fast buy trade according to data direction

The data came out bad for dollar so many jobs were removed, but those that filled for unemployment was less which means not everyone filled for unemployment, because jobs can't reduce and unemployment rate reduced so it's either those that loss jobs didn't file for unemployment, but let's see how the data trades in the technical view

Just wait for a pullback like what I have done here , marking the entire level with the fib retracement tool, I will wait for the 1 min to show reversal structure at demand then I will buy upward

Now all we need to do is focus on buying gold from the 1min pullback

Exactly that was where price made that change the circle area, because it was already pricing to a bearish NFP data

Currently on gold buy like I said I will be buying on 1min pullback, price is going close to my tp but I will close immediately