➡️ In anticipation of Friday's NFP data release, the price of gold is not showing a clear directional bias. The further direction of gold prices will depend on the results of the report on the US labor market and, to some extent, the results of peace negotiations.
The US NFP report, however, will be the main market driver for gold as it sheds new light on the Fed's interest rate outlook.
Technically, the metal is in balance 1917.520 - 1959.405. As suggested in the previous idea, the metal rose by 1959.405. At the moment, the instrument has rebounded, but it is expected to rise again to 1959.405 within the uptrend channel. There is a potential for a breakdown upwards, but one need to be extremely careful and monitor the price already at the moment, since there is a resistance area.
🔥GOLD Forecast Results🔥
☑️GOLD: to 1917$ again 👉 +330 points✅:
☑️GOLD: buyers at the ready 👉 +418 points✅:
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
The US NFP report, however, will be the main market driver for gold as it sheds new light on the Fed's interest rate outlook.
Technically, the metal is in balance 1917.520 - 1959.405. As suggested in the previous idea, the metal rose by 1959.405. At the moment, the instrument has rebounded, but it is expected to rise again to 1959.405 within the uptrend channel. There is a potential for a breakdown upwards, but one need to be extremely careful and monitor the price already at the moment, since there is a resistance area.
🔥GOLD Forecast Results🔥
☑️GOLD: to 1917$ again 👉 +330 points✅:
☑️GOLD: buyers at the ready 👉 +418 points✅:
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
