TVC:GOLD price struggles to capitalize on the previous day's solid rebound from the 100-day Simple Moving Average (SMA) support near the $1,940-$1,939 area and oscillates in a narrow trading band on Friday.
TVC:GOLD currently trades near the top end of its weekly range, around the $1,965 region, nearly unchanged for the day heading into the European session.
I expect gold to retest the 1955-1957 zone. then will continue the uptrend that was just established after the jobless news. My expectation is for gold to rise to 1965 and 1970 to take profits.