I can translate the text content while preserving the HTML structure. Here is the translated result: [Free!] XAUUSD(GOLD)+182 pips ISM cooling too.
I am the leader.
For those I have not yet connected with, pleased to meet you.
Straight to the point,
Yesterday there were announcements of the US employment data and the ISM non-manufacturing index, right?
【Results】
NFP Non-Farm Payrolls: Expected 200K, Result 223K
ISM Non-Manufacturing Index: Expected 55.0, Result 49.6
Average hourly earnings (MoM): Expected 0.4, Result 0.3
Average hourly earnings (YoY): Expected 5.0, Result 4.6
When the NFP was released,
the results were mixed in strength and weakness,
there was some hesitation,
but the market reacted with dollar selling.
【XAUUSD】
・Weekly chart
・Daily chart
*The daily confirmation candle is a strong bullish candlestick!
4-hour chart
・1-hour chart
If you go down to this timeframe,
before the rise, you can see the long/short battle with a spike.
・15-minute chart
The entry was on the 15-minute chart
after breaking above the trendline,
I wondered if it would just go up,
so I planned not to trade, but
when it nicely flipped from support to resistance,
As a result, I rode the momentum
and exited with +182 pips in profit.
It was a little retrace to make up for the previous ADP drop, wasn’t it
Also, looking at the established daily chart,
GOLD remains bullish.
Since the recent high has been briefly breached,
even if it pulls back, I’ll go long; if it decisively breaks out,
I’ll buy dips on pullbacks.
Be mindful of sudden headlines or rapid adjustments,
and if there are any favorable entry points,
I want to actively enter and trade.
Bonus.
And the dollar-yen also shows a clean counter-correlation, which is easy to understand.
Well, the employment data is somewhat favorable,
but the ISM Manufacturing Index is below 50.
A reading below 50 is the lowest since the announcement on June 3, 2020.
Next Thursday,
the Core CPI and Consumer Price Index announcements are also due.
I think unless something extreme happens, a trend reversal is unlikely.
By the way, the Chicago futures net position.
Gold has been accumulating longer every week, hasn’t it.
When the time is favorable for trading,
let's keep widening our profits!
With that,