🥇 GOLD The market may open with a gap up. Target 2025 & 2050
Updated
The gold market is off today, but at the same time NFP data is published today, there is a chance that the price will open with a gap on Monday
TA on the high timeframe:
1) bullish trend
2) Local false break of the 2025 level is forming
3) Technical pullback to support to get liquidity.
TA on a low timeframe:
1) ABC correction is forming, which could end in the 2000 area
2) NFP is released today during an off market. Negative data for the dollar is expected. If in fact the data is contained, the dollar will fall positively
3) There is a possibility of a gap up on Monday.
4) The short-term potential is 2020, the medium-term potential is still 2070
The important support level is 2000.
On Monday a gap up may be formed, as the market is idle on Friday, and at the same time there is strong news. I think that from the mentioned line and the support level the price will continue its growth.
TA on the high timeframe:
1) bullish trend
2) Local false break of the 2025 level is forming
3) Technical pullback to support to get liquidity.
TA on a low timeframe:
1) ABC correction is forming, which could end in the 2000 area
2) NFP is released today during an off market. Negative data for the dollar is expected. If in fact the data is contained, the dollar will fall positively
3) There is a possibility of a gap up on Monday.
4) The short-term potential is 2020, the medium-term potential is still 2070
The important support level is 2000.
On Monday a gap up may be formed, as the market is idle on Friday, and at the same time there is strong news. I think that from the mentioned line and the support level the price will continue its growth.
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