Heyprofit

#meme

⭐️Happy Saturday, dear traders!⭐️

😊 No matter your trading style, don't forget to rest, guys! 🤟

Next trading opportunities:
Medium Risk: Buy: 2364-62, 2356.80, 2352
Sell: 2381
High Risk sell below:2371

*QUICK UPDATE*


The dollar fell on Friday after data showed that U.S. employers added fewer jobs than expected in April, while wage inflation was also slightly cooler than expected.

Employers added 175,000 jobs last month, below economists' expectations for an 243,000 increase. Wages increased 3.9% in the 12 months through April, below expectations for a 4.0% gain and after rising 4.1% in March.

If the same market sentiment remains, then 105-105.25 will be the new resistance area for DXY.
News coming again. Be careful.

_we had a profitable news session today. So, don't take any impulsive trade and lose the profit_ Overall we had a little tough week

US nonfarm payrolls will undoubtedly be the focal point of the day. The estimated figure stands at 243k, notably lower than the robust 303k reported in the previous release and below all other readings recorded this year. This anticipated decrease suggests a potential softening in the labour market, which could impact market sentiment and expectations regarding future monetary policy decisions.

*Long list of events for the day but not very significant*
So, we can expect the present market sentiment to prevail ➡️

https://youtube.com/watch?v=-fKSJQYv_KY&si=B4WqFRZFNPvOdUip

CPI numbers were Hot 💥 and positive for US Dollar. DXY is going up right now and the next resistance is around 105-105.10.
Market should stay below the number.

We think, on Monday gold(XAUUSD) will open with Gap up at 2342-2349 range this week gold hit 2464 then back to 2315 range

New week new goal

We think, on Monday gold (XAUUSD) will open with gap up at 2248 to 2255 and then retrace to 2209 to 2215 and then move towards 2260.
Market can be volatile so maintain proper risk management while trading.

📨Gold will go in the range of 2250 to 2300 on Wednesday and Thursday so fasten your seat belt and get ready for a ride🥇⤴️⬆️⬆️⬆️📊📊📊

Lol, much higher job openings than expected
Bad for Gold

🌟 Extreme fear, the reason for the rise in long-term US bond yields


▪️ J.P. Morgan believes that the yield of ten-year US bonds has lost its connection with fundamental factors and there is a strong fear in the market.

The budget deficit of the US government, which leads to more supply of bonds, concern about the amount of US government debt, the fear of lasting inflation and the contractionary policy of the Federal Reserve are among the factors of investors' fear.

📝 bond price has an inverse relationship with yield; Therefore, more supply means lower prices and more efficiency; The fear that dominates the market can increase the yield of ten-year bonds to higher numbers in the short term and increase the pressure on risky assets and gold.

#US
#BOND
#US10Y

Oct 3, 2023

NEW ORDER - XAUUSD Sell 📉

----------{ NEW }----------
Entry: 1828.90
No SL
No TP
---------------------------
NEVER RISK MORE THAN 2% !!!!!!

♻ Daily Report ♻

🟢 XAUUSD Sell  233.55 Pips  44.0%
Partial Orders are merged

Pips: 233.55
Profit: 4325$ (44.0%)
Wins: 4   Losses: 0   BE: 0
Winrate: 100%!

🏃 Orders still running:
XAUUSD Buy  -463.81 Pips -33.0%
XAUUSD Buy  -468.43 Pips -33.4%
XAUUSD Buy  -365.54 Pips -33.3%
XAUUSD Sell  307.31 Pips  27.6%
XAUUSD Sell  307.31 Pips  27.6%



⏳ Open Pending Orders:
XAUUSD Sell Stop  @1857.00