9/4 GLD employment statistics expected price movement
First, yesterday's GLD validation.
It rose beyond 4484, which acts as a ceiling for the rise, reaching a little above 4500.
After that, it retraced with a wick.
There was about a $20 discrepancy from the expected position.
It was below the lower bound of the range at 4323, but looking at the daily chart, it seems stops were accumulating, so predicting the width of the retracement is indeed difficult.
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Now, today is the employment statistics release.
Expected scenario
① In the morning zone, 4445 (strong rebound) would react and rise, filling the large bearish FVG at 4564 and fill it completely② If it breaks downward, it aims to fill the FVG near 4400, and then fall to around 4381 (slightly strong) from the morning zone and rebound.③It would rise without creating a pullback and move upward toward around4564If the direction is correct, it may initially move opposite and then follow that direction.Personally, on a 4-hour chart, it is an uptrend, but if I draw a swing on the latest 4-hour, the Fibonacci 50% level is at 4400. It wouldn't be surprising to drop to that point.On the daily swing, 4490 is the Fibonacci 50% level, and it is currently below that. In other words, it is at a discount level and buying pressure is likely.However, it is still high to buy, so if it drops to 4381–4400, buying might become favorable.It is a data-driven market, so there may be some volatility, but how far can we go with just technicals and no indicators?This SMC analysis avoids vague expressions like “if-then trades” and clearly states price ranges, analyzing from the institutional investor's perspective.Acquire professional analysis and develop a lifelong skill.---------------------------------------------------------------------<ゴゴジャン特集> (GoGoJungle Feature)【Investment Skill Share Feature vol.2】The answer born from training with a 10% graduation rate.A lifetime-discretionary trading technique taught directly by Mr. Koyaji, who has 15 years of side work experiencehttps://www.gogojungle.co.jp/info/23491?via=notification---------------------------------------------------------------------Second release after RCI high-win scalping!!☆Koyaji-style Zone Trade with high-win trading☆---------------------------------------------------------------------What matters is not “winning” but not getting confusedIf your perspective is off, effort will not be rewarded.If your perspective is correct, the market becomes suddenly simple.It is a trading method that designs an edge from chart structure.※ You can join the online community “Path to Becoming a Part-Time Professional Trader.”【Koyaji-style Zone Trade Method × SMC Practical Course 1-month Proofreading Course】https://www.gogojungle.co.jp/tools/rooms/76300【Koyaji-style Zone Trade Method × SMC Practical Course Video Explanations Only (no proofreading)】https://www.gogojungle.co.jp/tools/ebooks/76574【Pro Trader Development 100-Session Knockout 3-Month Proofreading Course】https://www.gogojungle.co.jp/tools/rooms/74700-----------------------------------------------------------------
② If it breaks downward, it aims to fill the FVG near 4400, and then fall to around 4381 (slightly strong) from the morning zone and rebound.③It would rise without creating a pullback and move upward toward around4564If the direction is correct, it may initially move opposite and then follow that direction.Personally, on a 4-hour chart, it is an uptrend, but if I draw a swing on the latest 4-hour, the Fibonacci 50% level is at 4400. It wouldn't be surprising to drop to that point.On the daily swing, 4490 is the Fibonacci 50% level, and it is currently below that. In other words, it is at a discount level and buying pressure is likely.However, it is still high to buy, so if it drops to 4381–4400, buying might become favorable.It is a data-driven market, so there may be some volatility, but how far can we go with just technicals and no indicators?This SMC analysis avoids vague expressions like “if-then trades” and clearly states price ranges, analyzing from the institutional investor's perspective.Acquire professional analysis and develop a lifelong skill.---------------------------------------------------------------------<ゴゴジャン特集> (GoGoJungle Feature)【Investment Skill Share Feature vol.2】The answer born from training with a 10% graduation rate.A lifetime-discretionary trading technique taught directly by Mr. Koyaji, who has 15 years of side work experiencehttps://www.gogojungle.co.jp/info/23491?via=notification---------------------------------------------------------------------Second release after RCI high-win scalping!!☆Koyaji-style Zone Trade with high-win trading☆---------------------------------------------------------------------What matters is not “winning” but not getting confusedIf your perspective is off, effort will not be rewarded.If your perspective is correct, the market becomes suddenly simple.It is a trading method that designs an edge from chart structure.※ You can join the online community “Path to Becoming a Part-Time Professional Trader.”【Koyaji-style Zone Trade Method × SMC Practical Course 1-month Proofreading Course】https://www.gogojungle.co.jp/tools/rooms/76300【Koyaji-style Zone Trade Method × SMC Practical Course Video Explanations Only (no proofreading)】https://www.gogojungle.co.jp/tools/ebooks/76574【Pro Trader Development 100-Session Knockout 3-Month Proofreading Course】https://www.gogojungle.co.jp/tools/rooms/74700-----------------------------------------------------------------
③It would rise without creating a pullback and move upward toward around4564
If the direction is correct, it may initially move opposite and then follow that direction.
On the daily swing, 4490 is the Fibonacci 50% level, and it is currently below that. In other words, it is at a discount level and buying pressure is likely.
However, it is still high to buy, so if it drops to 4381–4400, buying might become favorable.
It is a data-driven market, so there may be some volatility, but how far can we go with just technicals and no indicators?
This SMC analysis avoids vague expressions like “if-then trades” and clearly states price ranges, analyzing from the institutional investor's perspective.Personally, on a 4-hour chart, it is an uptrend, but if I draw a swing on the latest 4-hour, the Fibonacci 50% level is at 4400. It wouldn't be surprising to drop to that point.
Acquire professional analysis and develop a lifelong skill.
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<ゴゴジャン特集> (GoGoJungle Feature)
【Investment Skill Share Feature vol.2】The answer born from training with a 10% graduation rate.
A lifetime-discretionary trading technique taught directly by Mr. Koyaji, who has 15 years of side work experience
https://www.gogojungle.co.jp/info/23491?via=notification
---------------------------------------------------------------------
Second release after RCI high-win scalping!!
☆Koyaji-style Zone Trade with high-win trading☆
---------------------------------------------------------------------
What matters is not “winning” but not getting confused
If your perspective is off, effort will not be rewarded.
If your perspective is correct, the market becomes suddenly simple.
It is a trading method that designs an edge from chart structure.
※ You can join the online community “Path to Becoming a Part-Time Professional Trader.”
【Koyaji-style Zone Trade Method × SMC Practical Course 1-month Proofreading Course】
https://www.gogojungle.co.jp/tools/rooms/76300
【Koyaji-style Zone Trade Method × SMC Practical Course Video Explanations Only (no proofreading)】
https://www.gogojungle.co.jp/tools/ebooks/76574
【Pro Trader Development 100-Session Knockout 3-Month Proofreading Course】
https://www.gogojungle.co.jp/tools/rooms/74700
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