Now gold is waiting for the NFP news to decide its direction to either move up /down.
A breakout above 1830 would trigger a bullish run and upwards to 1900.
But there seems to be a lot of support in the region 1792-1808 and 1808 is acting strong support with 1820 a resistance to seeing a further upside to 1830.
Overall it's not clear and gold is gearing up to have big movement after the consolidation area comes to an end.
A breakout above 1830 would trigger a bullish run and upwards to 1900.
But there seems to be a lot of support in the region 1792-1808 and 1808 is acting strong support with 1820 a resistance to seeing a further upside to 1830.
Overall it's not clear and gold is gearing up to have big movement after the consolidation area comes to an end.
Comment:
Waiting for NFP to release data to decide the potential moments towards the bullish /bearish side.