New economic data produced some insight on where gold is heading
Gold is currently bearish, might visit 1690. SL 1765.
Note
GDP and JOLTs job openings favoring the bears.Note
SL hit. Powell just made the market bullish. It will be sustained if NFP will back out his bullishness. 1780 is a strong daily resistance. Watch out for fake breakout at this point.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.