Stillmore FOREX Academy

Be a Bull this month on Gold!
When July is bullish or stable, August often continues the momentum, especially in years with rising inflation or global uncertainty.

Ukraine's drone strike on a Russian oil refinery raises fears of retaliation. With rising geopolitical tensions likely to push oil prices higher, traders should see this as a clear buy signal for oil.

🚨 NFP TODAY – TRADE SETUP FOR GOLD (XAUUSD)
🕧 Time: 12:30 GMT
📊 Forecast: 106K NFP | 4.2% Unemployment | 0.3% Wages

✅ Bullish Gold (if NFP ≤ 106k or unemployment rises):

📌 Key Levels:
• Buy above: $3,304
• TP1: $3,312
• TP2: $3,330
• SL: Below $3,270

Sell Setup (only if strong NFP):

✅ Bearish Gold (if NFP > 160k & earnings rise):

• Sell below: $3,270
• TP: $3,250 → $3,232
• SL: Above $3,304

⚠️ Gold reacts fast ⬆️to weak jobs + lower yields = bullish
Watch DXY + US10Y closely for confirmation.

✅ Trade the breakout, not the guess. Manage risk.

This day we were honored to have Professor Isaac Boadi as our special guest at the Knowledge is Power Forex Seminar, held at the Mövenpick Ambassador Hotel in Accra.

1️⃣ August Is One of Gold’s Best Months
Since the 1970s, gold has averaged a +1.6% return in August, making it one of its top 3 performing months.

Proven Gold Facts Every Forex Trader Should Know About August

The US dollar often falls when global risk improves — it's a safe-haven currency.

July is seasonally neutral to bullish for gold

Current Move: Minor bullish bounce after sharp fall.

Outlook: Likely just a relief rally unless key resistance zones are reclaimed.

Directional Bias: Bearish below $3,230, neutral-to-bullish only if $3,200 is broken and held with strength.

Immediate Focus Zone: $3,145–$3,200 (battle between sellers and potential dip buyers).

Basic Patterns of Candles Stick