XAUUSD
It has been a gradual climb with the Golden Bulls, and so
far this week it remains sluggish. With the MA (green line) having an acute
angle and with Strength Bar at 100% bullish, its an insight for Friday’s NFP
numbers.
The 2 yellow lines are TP1 and TP2, both have not been tested after the issue of the current Buy signal. Understandably, the markets are waiting US NFP numbers and also the effects of US withdrawal from Afghanistan. The much anticipated earliest data will be released at 1930 (GMT+7).
It’s the third week for Swissy’s crabbish move. Though its
weekly range has somewhat increased but its trend is anybody’s guess, based on
candle movements. But, RSAlert’s algos think otherwise. The current Sell signal
was issued 17 August, and neither SL nor any TPs have been tested. Its sluggish
bearish move.
Coming to the first Friday of the new month, and its Non-Farm Payroll. This much anticipated and eagerly waited by traders and punters alike will be released on Friday at 1930 (GMT+7). The world is anxious to know if Biden’s administration has the support of the business community after US withdrawal from Afghanistan. If the support is there, the unemployed will be less.
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