Gold is waiting for NFP to come as its consolidating under 1931 to 1820 level and we can see a potential to either side but possibly gold will fall to 1800 level that all buy orders will be settled under 1820 level and to run the market , market makers need the money and they will try hit SL of maximum traders under these levels so we will be seeing a potential downwards move that gold is not in any clear direction
We will consider gold on bullish side when it will break above 1931 level and put our order other wise our confluance is all set for sell
That the price is hovering under these levels the 2nd confluence is price is trading under 200EMA and no sign of revesal
We will consider gold on bullish side when it will break above 1931 level and put our order other wise our confluance is all set for sell
That the price is hovering under these levels the 2nd confluence is price is trading under 200EMA and no sign of revesal