Gold- Would NFP "resolve" the range?
As I said yesterday, Gold is trading in a range that has become annoying. Today is NFP, and this can give us direction.
From a technical perspective, the structure remains bullish, and this rectangle should lead to continuation to the upside.
The resistance starts above 1780 and extends to 1800 and this zone can offer bulls the target for their trades.
The bullish scenario is negated with a daily close under 1750 zone
From a technical perspective, the structure remains bullish, and this rectangle should lead to continuation to the upside.
The resistance starts above 1780 and extends to 1800 and this zone can offer bulls the target for their trades.
The bullish scenario is negated with a daily close under 1750 zone
Note
It seems like NFP didn t "resolve" the range and, although we had a much worth than expected data, Gold just spiked up and returned in the range.If the day will close inside the range is an indication of a probable continuation to the down side and a lower high in place once we have a close under 1759
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.