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π5
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π΅ BUY LIMIT #XAUUSD 4704 - 4706 SL 4696 TP1 4716 TP2 4736
#XAUUSD + 120 pips
HIT TP1βοΈ
βΌοΈ Gold prices have been extremely volatile lately. All trades should strictly follow SL rules and please manage your capital very carefully πΈ
HIT TP1
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β€1π1
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At 13:30 today (UTC), the U.S. will release Retail Sales and Core Retail Sales data.
Retail Sales measure the total value of all goods sold by retailers over a month.
Core Retail Sales are similar but exclude highly volatile components such as gasoline stations and auto sales. As a result, Core Retail Sales are often considered a better indicator of underlying and more stable consumer spending trends.
Retail Sales are forecast to increase by 0.4%, compared with 0.6% in the previous period.
Core Retail Sales are forecast to increase by 0.3%, compared with 0.5% previously.
Currently, on the H1 timeframe, price is moving sideways within the $5,010 β $5,060 range. Possible scenarios include:
Scenario 1 (Most likely):
Both indicators come in around expectations - Retail Sales (0.3 β 0.5%), Core Retail Sales (0.2 β 0.4%) β Gold is likely to continue ranging between $5,010 - $5,060.
Scenario 2: Both indicators are significantly above forecasts β Retail Sales (> 0.5%), Core Retail Sales (> 0.4%) β The USD strengthens, and gold may break below $5,010, heading toward the $4,980 area.
Scenario 3:
Both indicators are significantly below forecasts β Retail Sales (< 0.3%), Core Retail Sales (< 0.2%) β The USD comes under pressure, and gold may break above $5,060, targeting the short - term high around $5,090.
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β‘1β€1π1πΎ1
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π΅ BUY LIMIT #XAUUSD 5033 - 5035
SL 5025
TP1 5045
TP2 5065
βΌοΈ As you have seen, the recent period has been extremely crazy for gold. All analysis becomes less reliable when gold fluctuates by more than $100β200 in a single trading session.
β οΈ Therefore, every signal must strictly follow stop-loss rules and maintain tight risk management.
SL 5025
TP1 5045
TP2 5065
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π΅ BUY LIMIT #XAUUSD 5033 - 5035 SL 5025 TP1 5045 TP2 5065 βΌοΈ As you have seen, the recent period has been extremely crazy for gold. All analysis becomes less reliable when gold fluctuates by more than $100β200 in a single trading session. β οΈ Therefore, everyβ¦
#XAUUSD HIT TP1 βοΈ
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π₯3
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π΅ BUY LIMIT #XAUUSD 5033 - 5035 SL 5025 TP1 5045 TP2 5065 βΌοΈ As you have seen, the recent period has been extremely crazy for gold. All analysis becomes less reliable when gold fluctuates by more than $100β200 in a single trading session. β οΈ Therefore, everyβ¦
#XAUUSD HIT TP2 βοΈ
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π₯2
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1β€3π2
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2β€4π1
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π΄ SELL LIMIT #XAUUSD 5200 - 5202 SL 5212 TP1 5188 TP2 5176
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CANCEL THIS ORDER β π΅ BUY LIMIT #XAUUSD 5170 - 5173 SL 5160 TP1 5185 TP2 5200
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CANCEL THIS ORDER β π΅ BUY LIMIT #XAUUSD 5170 - 5173 SL 5160 TP1 5185 TP2 5200
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Non-Farm Payrolls came in at 92K, the lowest figure since January 2021. The unemployment rate rose to 4.4%, showing signs of increasing again after a slight decline in the previous month.
Overall, this report indicates that new jobs are not only failing to grow but the number of jobs is actually declining, while unemployment is rising, signaling a very weak labor market.
This is negative for the U.S. dollar and supportive for gold in the short term. However, further attention should be paid to the Federal Reserveβs policy direction on March 19 to determine the medium and long-term trend.
Overall, this report indicates that new jobs are not only failing to grow but the number of jobs is actually declining, while unemployment is rising, signaling a very weak labor market.
This is negative for the U.S. dollar and supportive for gold in the short term. However, further attention should be paid to the Federal Reserveβs policy direction on March 19 to determine the medium and long-term trend.
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π΄ SELL LIMIT #XAUUSD 5174 - 5176 SL 5190 TP1 5158 TP2 5124 βΌοΈ RISK MANAGEMENT
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