XAUUSD GOLD NFP Analysis

Analytic Dave 11/04/2021 11:13:00 PM

XAUUSD NFP Analysis

Gold is a safe haven. As gold increases, bonds and stocks decline. Analytic dave will provide an analysis of XAUUSD pre-NFP. In the situation Gold goes up, EURJPY Analysis and GBPJPY Analysis will tumble down.

XAUUSD Support

Support 1: 1751

Support 2: 1730

Support 3: 1683

XAUUD Resistance

Resistance 1: 1811

Resistance 2: 1830

Resistance 3: 1850

XAUUSD 15 Minutes Chart

Technically, Gold has the potential to drop from its current 1795. 090 as per the stamped analysis time to the lowest 1771.195. However, this is not assured as the bullish wave is much stronger. Also, it is important to make it clear that 15 minutes, 45 minutes, 1 hour, and 4-hour charts have bullish flags well-positioned to shoot the yellow metal to the skies. However, the main question is? How far will Gold go during NFP?

According to Analytic Dave technical and fundamental preview, Gold will shoot to the area over 1820. Now, another question is, how should I trade Gold. Today is a BUY LIMIT playground. In my case, I have placed a BUY LIMIT between 1787 and 1784 with a take profit in the area between 1809 and 1820. Does my setup prove that Gold will shoot to the moon during NFP?

Analytic Dave XAUUSD Analysis Bias: Bullish

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Analytic Dave: A Journey in Trading and Investing Analytic Dave is a self-taught trader and investor who shares insights into financial markets, trading psychology, and technical analysis. His journey captures the highs and lows of navigating the complex world of derivatives trading, stocks, and investments. Here are some key aspects of Analytic Dave’s portfolio and content: Portfolio Purpose: Analytic Dave’s portfolio serves as a personal financial analysis journal. It chronicles his experiences, strategies, and learning moments as he navigates the financial markets. Importantly, he emphasizes that his portfolio does not act as financial advice for any community. Trading Psychology: Analytic Dave delves into trading psychology, discussing topics like the Fractals Indicator, RSI Indicator, and setting up Moving Averages. These insights provide valuable perspectives for both novice and experienced traders. Forex Analysis: Analytic Dave offers regular analysis of currency pairs, including GBP/JPY, EUR/USD, and USD/JPY. His technical and fundamental assessments provide traders with actionable information. Weekly and Daily Outlooks: Whether it’s mid-day or daily, Analytic Dave provides outlooks for major currency pairs. These insights help traders stay informed about potential market movements. Educational Content: Analytic Dave’s YouTube channel documents his journey as a trader and investor. While he doesn’t provide financial advice, his channel offers valuable insights for those interested in the world of trading. Remember, Analytic Dave’s journey is personal, and his experiences may resonate with others navigating the financial landscape. As with any financial decisions, it’s essential to conduct thorough research and seek professional advice when needed. Keep exploring, and may your trading journey be as insightful as Analytic Dave’s!