Recent NFP data just pushed Gold to the upward. Recently just bounced off the weekly pivot. LONG if breakout to the upside targetting the potential 3rd test of Daily TL. SHORT if price close below 1134 with immediate target shown on the chart. Stay neutral for now as Gold is constructing it's highs & lows, enter when direction is clear. Have a profitable week traders!
A few confluence for long entry. Details on the chart.
I believe Gold is approaching 618 Fib Retracement which is an important support level with high potential of reversing around this level. First profit target is in the chart. Have a profitable week traders!
Staying out for Fed Interest Rate Decision today. Have a good week traders!
if price break,close & hold and close above 1110 with potential target around 1118 area. Potential short-term reversal at 1112.27. This is just an outlook. Have a profitable week traders!
Possible channel-range for Gold. Perhaps moving sideway until the end of this month? It's best to stay neutral in my opinion now. Do let me know what you think. Happy trading and have a good week traders!
Resistance at 75.79, Support line at 68.4, if below support line, xagusd may be turn to bullrish.