Gold- waiting for clarification
Although I'm bullish on Gold in the medium term, for short-term trades we need clarification.
After reaching 1845 local high last week and after a non-event NFP that only created some noise, Gold is stuck in a range between 1830 and 1845.
As I said yesterday, my preferred scenario is a continuation to 1875 and above, but for this, we need a clear break of this short term resistance.
On the other hand, a break under 1830 would expose 1815-1818 support zone
After reaching 1845 local high last week and after a non-event NFP that only created some noise, Gold is stuck in a range between 1830 and 1845.
As I said yesterday, my preferred scenario is a continuation to 1875 and above, but for this, we need a clear break of this short term resistance.
On the other hand, a break under 1830 would expose 1815-1818 support zone
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