KaanErdinc

GOLD Analysis Update for NFP

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Yesterday I was expecting a bearish pullback for the GOLD, however, the daily candle has managed to close above the resistance level at 2053 and seems like it is struggling to make a pullback to the 2045 -2048 levels. In this case, with the momentum comşng from the NFP we can expect the price to push through 2090 levels to fill the previus months candles top wick. Therefore, if it can hold the 2050 levels as support, there is high probability that the price is going to first test the highs before making its way back to 2040s. Let's see if we can make new highs this month.
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