Good day, dear traders! I present to your attention a trading idea for gold.
So, as I wrote, trading on the eve of strong news is a very dangerous occupation. But I know that many traders are already in positions and I have some recommendations for them.
Gold, as you know, is a very volatile instrument, and to catch a good move on gold is a great success. But after the good news on the dollar, gold is quite "obedient" and it can be traded.
If we rely on the initiative of "Non-farms", now gold is at the end of the formation of the second - rollback wave "B" of the classical structure "ABC". The pullback from wave "A" has already amounted to almost 50% - the ideal pullback level for correction
In this regard, I recommend to look closely at the sales, but it is better to do it with confirming signals of small timeframes within your vehicle.
The potential for reduction is more than 1000p for 5 digits, with risks of 200-300 - this is quite worthy of attention.
