Xauusd NFP trade
Gold is rejected from local resistance and trading in some sell position.
As you can see in my chart gold is trading now in bullish chanel and chanel support is 1775,73 area if market come 1st at support then buy gold for 1810 target.
If market goes upside 1st before reaching support level then bulls have very hurdle path to break 1800 psychological resistance level ,then 1807 D1 T/F horizontal resistance and chanel resistance also there, then 1809,1812 strong supply area, so I think market must reject from there and target is our support level.
As you can see in my chart gold is trading now in bullish chanel and chanel support is 1775,73 area if market come 1st at support then buy gold for 1810 target.
If market goes upside 1st before reaching support level then bulls have very hurdle path to break 1800 psychological resistance level ,then 1807 D1 T/F horizontal resistance and chanel resistance also there, then 1809,1812 strong supply area, so I think market must reject from there and target is our support level.
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