GOLD XAUUSD > Technical Analysis > 2nd December
Waiting phase with a big move on the way.
Minimal movement yesterday. I managed to put in a small trade from 1778 - 1788. Stayed away from news, as range was very choppy.
Currently we are in a channel down. If we can break the support at 1770 we can then expect more down movement. With US November non-farm payrolls due, we could expect a hint of direction. According to news, analysts expect an increase of labor, providing a possible negative impact.
Minimal movement yesterday. I managed to put in a small trade from 1778 - 1788. Stayed away from news, as range was very choppy.
Currently we are in a channel down. If we can break the support at 1770 we can then expect more down movement. With US November non-farm payrolls due, we could expect a hint of direction. According to news, analysts expect an increase of labor, providing a possible negative impact.