Still expecting a push into 1850-1860 at some point this week. Last week we saw a huge push from 1770 and I strongly expect 1820 to hold for the time being.
Be interesting to see what happens around 1860, with 3 potential confluences to sell: 61.8% long term swing fib, 3rd touch of Trendline, top of ascending channel structure.
But with NFP being so bad Friday, can only see that bullishness for Gold spilling over into next week, at least, for another couple hundred pips.
Be interesting to see what happens around 1860, with 3 potential confluences to sell: 61.8% long term swing fib, 3rd touch of Trendline, top of ascending channel structure.
But with NFP being so bad Friday, can only see that bullishness for Gold spilling over into next week, at least, for another couple hundred pips.