Today is US non farm payroll ( NFP) data release day .If the data as expected there is a good probability the US federal reserve will increase the rate at 14 Dec as market expected . The dollar yield will likely bring down the Gold price. BEAR look for selling opportunity after NFP , Plan A sell about 1300 and Plan B sell about 1350.

XAUUSD Daily ( 4 Nov , 2016 )

Daily fail to go higher high above roll reversal area + monthly pivot MW3 +Psychological 1300 level BEAR look to sell MW3 to WM1 move 1300 to 1200 move .

XAUUSD H4 ( 4 Nov , 2016 )

H4 has reach weekly take profit zone was rejected waiting for direction . NFP data release could be the catalyst .

XAUUSD 15 M ( 4 Nov , 2016 )

entry time frame BEAR look for opportunity after NFP to sell . Plan A about 1300 Plan B about 1350

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About The Forex Analyst

Daniel is full time technical analyst for forex.today base in Singapore. He is specialize in Asian Mayor currency JPY , Aud and NZD.

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