XAUUSD
GOLDclosed the week in the 2004 - 2020 range last Thursday . Given the good NFP results, it is we already know that GOLD will make a GAP fall this morning. Now that the GAP is already closed, we know that downtrend is confirmed for Loco at least until tomorrow. Let's focusing on Sell where i see a resistance area at 1997 - 2003. It is most likely GOLD will pulled back here before making another drop.
SELL Area 1997 - 2003 SL 2009 TP 1988
R3 2049.488
R2 2028.282
R1 2019.860
PV 2003.728
S1 1996.578
S2 1987.934
S3 1977.788
GOLDclosed the week in the 2004 - 2020 range last Thursday . Given the good NFP results, it is we already know that GOLD will make a GAP fall this morning. Now that the GAP is already closed, we know that downtrend is confirmed for Loco at least until tomorrow. Let's focusing on Sell where i see a resistance area at 1997 - 2003. It is most likely GOLD will pulled back here before making another drop.
SELL Area 1997 - 2003 SL 2009 TP 1988
R3 2049.488
R2 2028.282
R1 2019.860
PV 2003.728
S1 1996.578
S2 1987.934
S3 1977.788
Comment:
TP HIT!