GOLD has been pressured from the green upper line on third time this week. But it still could not make a new low as expected.
Now price is possible to finish ABC sideways on 4h chart above the 4H support level to reach a new high with momemtum on this Friday NFP day! 1830 is the possible target if you got the confirming signal!
Surprisingly Gold been on the sidelines for almost two weeks.. Seems gold Gold direction is waiting on the tomorrow's labor department job nos. which in turn have influence on US Fed future actions.. So we will have to wait patiently until clear signal comes!!
Prasad_Ari
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As expected the Job Nos. are weak, Seems market is not overly concern.. Gold shot up to $1830 right after the news and gave up some of the gains as people trying to analyze & digest the job nos. Over all Gold is bullish!!
Mihai_Iacob
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Nice and clear
Tradersweekly
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I think so too. I have same target. Wish you good luck!
ForexTrendline
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Pretty nice one, here's our update as well
owlet2
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Nice setup…
FxBrewer
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also thinking the same thing... I'm look at 1840... or i'm too optimistic?
FUNTRADER-Vera
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@FxBrewer, not really. Nothing is impossible.
Just prepare for your exit strategy too.