Price has rallied to the daily 200EMA, with indication of some rejection here I begin to bias short. Also, we have a daily 0.618% fibonacci retrace-ment which also enters a prior weekly support become resistance area
. As well as this, DXY
is lacking some direction as such at the moment. Therefore some strong US data today with the medium impact news would certain push gold
toward target one.
Things to be aware of - high impact news (NFP) this friday!
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