With NFP in the morning, Gold may be a decent fundamental play. USD fundamentals have been poor this week and gold is running according to technicals. On my specific broker feed, XAUUSD is showing a gap with some demand just below. If we get the pullback going into NY session, I'll look to go long and get as much as possible out of gold to close the week. If no pullback then I'll simply sit on my hands and go enjoy the weekend.
Kommentera:
Also, risk for this trade would be $3 short of my entry due to the possible high volatility of NFP.