Gold trading strategy January 10, NF news
Zaktualizowano
Where will the gold trading strategy go for the first NONFARM news of the year ???
⚫ Gold Prices Stable with Growth Prospects
Spot gold holds steady at $2,670.16 per ounce, expected to rise over 1% this week, marking its best week since November 2024.
⚫ Focus on Nonfarm Data
December 2024 Nonfarm report is projected to show an increase of 160,000 jobs, lower than the 227,000 gain in November, which may impact the Fed's interest rate policy.
⚫ Factors Supporting Gold
Increased demand for safe-haven assets amid economic uncertainties.
President-elect Trump’s policies, expected to raise inflation through tariffs and protectionist measures.
⚫ Fed Policy Outlook
Kansas Fed President Esther George opposes further rate cuts, citing the U.S. economy's recovery and inflation remaining above the 2% target.
The market is now awaiting the official U.S. jobs report for more clarity on the Fed's policy trajectory.
At the latest Fed meeting, policymakers agreed that inflation is likely to continue slowing this year but noted persistent risks of price pressures due to potential impacts from President-elect Donald Trump’s policies, according to meeting minutes.
Mr. Trump will assume office on January 20, 2025. The proposed tariffs and protectionist policies are expected to drive up inflation.
Gold is viewed as a hedge against inflation, but high interest rates reduce the appeal of non-yielding assets.
Fundamental Analysis
The news continues to support gold's growth outlook. Despite the strong performance of the USD (DXY), gold has shown resilience, maintaining its upward trend.
Technical Analysis
In recent days, gold has been stable within upward trend channels, signaling sustainable momentum in the current price range. Observing the candlestick patterns reveals that buyers are strongly dominating, pushing the price towards critical resistance levels.
Today’s Nonfarm Payrolls report is particularly crucial as the first significant economic data release of the year. Global investors are expected to closely watch this report, as it could significantly influence market movements for the month or even longer. Price fluctuations are likely to be substantial, with anticipated ranges of 40-50 points compared to previous Nonfarm reports. Stay cautious.
Trading Strategy for Asian/European Sessions
BUY SCALP: 2662 - 2660
SL: 2656
TP: 2668 - 2672 - 2676 - 2680
BUY ZONE: 2646 - 2644
SL: 2640
TP: 2650 - 2654 - 2660 - ????
SELL SCALP: 2678 - 2680
SL: 2683
TP: 2674 - 2670 - 2668
SELL SCALP: 2690 - 2692
SL: 2696
TP: 2684 - 2682 - 2680 - 2676
SELL ZONE: 2704 - 2706
SL: 2710
TP: 2700 - 2696 - 2692 - 2888
As mentioned, today is expected to see significant volatility due to the critical Nonfarm report and Friday's weekly candle close. Stay cautious, follow your TP/SL strictly, and manage your account carefully.
GOOD LUCK!
⚫ Gold Prices Stable with Growth Prospects
Spot gold holds steady at $2,670.16 per ounce, expected to rise over 1% this week, marking its best week since November 2024.
⚫ Focus on Nonfarm Data
December 2024 Nonfarm report is projected to show an increase of 160,000 jobs, lower than the 227,000 gain in November, which may impact the Fed's interest rate policy.
⚫ Factors Supporting Gold
Increased demand for safe-haven assets amid economic uncertainties.
President-elect Trump’s policies, expected to raise inflation through tariffs and protectionist measures.
⚫ Fed Policy Outlook
Kansas Fed President Esther George opposes further rate cuts, citing the U.S. economy's recovery and inflation remaining above the 2% target.
The market is now awaiting the official U.S. jobs report for more clarity on the Fed's policy trajectory.
At the latest Fed meeting, policymakers agreed that inflation is likely to continue slowing this year but noted persistent risks of price pressures due to potential impacts from President-elect Donald Trump’s policies, according to meeting minutes.
Mr. Trump will assume office on January 20, 2025. The proposed tariffs and protectionist policies are expected to drive up inflation.
Gold is viewed as a hedge against inflation, but high interest rates reduce the appeal of non-yielding assets.
Fundamental Analysis
The news continues to support gold's growth outlook. Despite the strong performance of the USD (DXY), gold has shown resilience, maintaining its upward trend.
Technical Analysis
In recent days, gold has been stable within upward trend channels, signaling sustainable momentum in the current price range. Observing the candlestick patterns reveals that buyers are strongly dominating, pushing the price towards critical resistance levels.
Today’s Nonfarm Payrolls report is particularly crucial as the first significant economic data release of the year. Global investors are expected to closely watch this report, as it could significantly influence market movements for the month or even longer. Price fluctuations are likely to be substantial, with anticipated ranges of 40-50 points compared to previous Nonfarm reports. Stay cautious.
Trading Strategy for Asian/European Sessions
BUY SCALP: 2662 - 2660
SL: 2656
TP: 2668 - 2672 - 2676 - 2680
BUY ZONE: 2646 - 2644
SL: 2640
TP: 2650 - 2654 - 2660 - ????
SELL SCALP: 2678 - 2680
SL: 2683
TP: 2674 - 2670 - 2668
SELL SCALP: 2690 - 2692
SL: 2696
TP: 2684 - 2682 - 2680 - 2676
SELL ZONE: 2704 - 2706
SL: 2710
TP: 2700 - 2696 - 2692 - 2888
As mentioned, today is expected to see significant volatility due to the critical Nonfarm report and Friday's weekly candle close. Stay cautious, follow your TP/SL strictly, and manage your account carefully.
GOOD LUCK!
Zlecenie aktywne
The first sell scalp zone 78 - 80 has a profit of 50 pips, the force is still pushing up, the main thing is still to buy, the price appears again, wait for it to be higher then sell, guys.
Transakcja zamknięta: osiągnięto wyznaczony cel
The big win on NONFARM today gave you the first 2 Sell bets in the Scalp area in the afternoon in the European session, and the second signal in the plan area 2690 - 2692 brought us a big profit of 100 pips. Congratulations to all of us
🔻Simple Trading - Trading is not as difficult as you think.
❗️ DISCLAIMER: The content shared in the training program is designed for educational and informational purposes only, so the program is not a financial advice or a solution.
❗️ DISCLAIMER: The content shared in the training program is designed for educational and informational purposes only, so the program is not a financial advice or a solution.
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