NFP Forecast for Gold(XAUUSD)

The gold made a consolidation before economic news release. The bulls are pushed the price up then it formed a range zone. Price action is ranging zone after level breakout and impulse move. The market is waiting for economic news release. I think if the price falls toward support zone after at 1933-1924 then we can see continuation of bullish move. On the 4H timeframe the price did not go lower, even though it bounced of the resistance. My goal is the resistance zone around at 1955-1959

above 1959 extremely bullish
below 1914 extremely bearish
COG 1945.50
Traders, if you liked my idea or if you have your own opinion about it, write in the comments. I will be glad

Transaction en cours

Commentaire:

gold reached first support/target zone