Strifor || GOLD-NFP
Preferred direction: SELL
Comment: For gold, we previously gave two setups for sell, and one of them is already in work (scenario №2). However, against the background of the upcoming potential volatility (NFP), as well as the short-term weakening of the US dollar, most likely, it is at the very moment of the release of data on the US labor market that we will see a new maximum for gold in the region of 2350. It is in this area that we are considering an additional level for entry into short (scenario №1). This scenario is the most likely in the near future.
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Comment: For gold, we previously gave two setups for sell, and one of them is already in work (scenario №2). However, against the background of the upcoming potential volatility (NFP), as well as the short-term weakening of the US dollar, most likely, it is at the very moment of the release of data on the US labor market that we will see a new maximum for gold in the region of 2350. It is in this area that we are considering an additional level for entry into short (scenario №1). This scenario is the most likely in the near future.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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