The intense battle between bulls and bears in zone 2000
Updated
World gold moved in a fairly narrow range yesterday on the 1979-1990 run amid market caution ahead of Nonfarm payroll data.
It is likely that gold will not have many fluctuations in the Asian and European trading session tomorrow.
Tonight, the Nonfarm payroll is announced. Expected to follow last month's trend.
Average hourly earnings are also said to be decelerating while the Unemployment rate is forecast to remain steady at 3.8%.
Gold is still below the important 1990-1992 resistance zone, showing that downward pressure on gold still exists. Investors should also note that if gold overcomes this resistance zone, it could extend its upward momentum to 2010-2015. Therefore, this resistance area is the decisive area to go up or down recently.
It is likely that gold will not have many fluctuations in the Asian and European trading session tomorrow.
Tonight, the Nonfarm payroll is announced. Expected to follow last month's trend.
Average hourly earnings are also said to be decelerating while the Unemployment rate is forecast to remain steady at 3.8%.
Gold is still below the important 1990-1992 resistance zone, showing that downward pressure on gold still exists. Investors should also note that if gold overcomes this resistance zone, it could extend its upward momentum to 2010-2015. Therefore, this resistance area is the decisive area to go up or down recently.
Note
True to analysis, gold does not fluctuate muchNote
waiting new strategy from me
Related publications
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.