Gold Bullish Pattern Because of NFP Release today

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Gold bullish pattern for gold based on the 1-hour time frame, with a key focus on the (NFP) release today, which is one of the most significant economic reports for the market.

Following the NFP release, the price is likely to experience a sharp move, potentially down 100-150 pips initially. This could create a good opportunity for a short (sell) trade in the early part of the NFP volatility.

Key Support Zones:
After this initial drop, you’re expecting the price to bounce back around the strong support at 2855/50. This area could be a key level for potential long (buy) entries as price looks to rebound.

Resistance Levels:
After the price touched the support after pull back to the resistance 1st Target 2890 and 2nd Target 2910

you can see more details in the chart.

PS Support with like and comments for more insights.

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Transaction en cours

Sell Position Done 150 Pips
Buy Postion Running 240

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Trade fermée: cible de profit atteinte