#TradeComment# Tonight's Non Farm Payroll (NFP) definitely will set course to #gold# #XAU/USD# trading direction. Right now, Gold is trading between the range of 1545-1552 which we seen these last 2 days.
Few ways to trade the NFP tonight, if you have no idea where the direction will go.
1. Trade the Break-Out
You can put Buy-Stop at 1556 and TP at 1560. Coincidentally, this is the level where a lot of sellers lined-up and buyers have been trying several times to break this level.
Or, you can put Sell-Stop at 1543 and TP at 1540. Gold seller has been trying to break the level of 1545 for this few days and it takes a strong driving factor to break this level tonight, which is NFP.
2. Wait and See
You may want to wait for 15 or 30 minutes after the NFP release before trying to open any trade.
I wish you all a good trade tonight.
Edited 10 Jan 2020, 19:01
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