What's happening on with GOLD?
Updated
GOLD has been moving in a range of 15$ for a whole week now.
This is not unusual but normally after such a thing price tends to fluctuate a lot. We could see a breakout tomorrow during the NFP.
Right now we're in an uptrend on the hourly chart and it's more likely to see price continuing in that direction.
The first resistance is at 1829.
However, it's better if we don't enter any trades before we have an economic event because that could affect price and reverse the trend.
The key support level is 1800. If we do get a break below this level tomorrow that would mean we will be looking for short trades only.
Expect our analysis just after the NFP tomorrow.
Show support by commenting down below and like the post!
This is not unusual but normally after such a thing price tends to fluctuate a lot. We could see a breakout tomorrow during the NFP.
Right now we're in an uptrend on the hourly chart and it's more likely to see price continuing in that direction.
The first resistance is at 1829.
However, it's better if we don't enter any trades before we have an economic event because that could affect price and reverse the trend.
The key support level is 1800. If we do get a break below this level tomorrow that would mean we will be looking for short trades only.
Expect our analysis just after the NFP tomorrow.
Show support by commenting down below and like the post!
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