The intense battle between bulls and bears in zone 2000
World gold moved in a fairly narrow range yesterday on the 1979-1990 run amid market caution ahead of Nonfarm payroll data.
It is likely that gold will not have many fluctuations in the Asian and European trading session tomorrow.
Tonight, the Nonfarm payroll is announced. Expected to follow last month's trend.
Average hourly earnings are also said to be decelerating while the Unemployment rate is forecast to remain steady at 3.8%.
Gold is still below the important 1990-1992 resistance zone, showing that downward pressure on gold still exists. Investors should also note that if gold overcomes this resistance zone, it could extend its upward momentum to 2010-2015. Therefore, this resistance area is the decisive area to go up or down recently.
It is likely that gold will not have many fluctuations in the Asian and European trading session tomorrow.
Tonight, the Nonfarm payroll is announced. Expected to follow last month's trend.
Average hourly earnings are also said to be decelerating while the Unemployment rate is forecast to remain steady at 3.8%.
Gold is still below the important 1990-1992 resistance zone, showing that downward pressure on gold still exists. Investors should also note that if gold overcomes this resistance zone, it could extend its upward momentum to 2010-2015. Therefore, this resistance area is the decisive area to go up or down recently.
Comment:
True to analysis, gold does not fluctuate much
Comment:
waiting new strategy from me
