➡️ On Friday, market participants were clearly expecting a more positive NFP report. As a result, GOLD was able to recover slightly and closed the week at 1783$. Despite this, the metal is expected to fall further in the coming week.
It will be possible to talk about some potential recovery in GOLD prices in the range of 1739.780$ - 1763.980$. This area is the target of the fall in the coming week. On the chart, you can easily see a descending channel, from the resistance line of which it is supposed to look for a SELL entry point.