Based on fundamental analysis, gold price has a very high probability of going up with NFP. But according to technical analysis, gold price is still in a falling wedge, which creates an extremely unpredictable NFP, let's wait and see what surprises gold futures will give us!
Looking at multiple time frames, support and resistance zones work best in the 1900-1952 range. Let's wait and see if these 2 support-resistance zones are strong enough to stop the NFP wave this time!
This is important news and a lot of risk, if you want to enter the trade pay attention to the 1952 zone!
Looking at multiple time frames, support and resistance zones work best in the 1900-1952 range. Let's wait and see if these 2 support-resistance zones are strong enough to stop the NFP wave this time!
This is important news and a lot of risk, if you want to enter the trade pay attention to the 1952 zone!
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Gold price has been trending as expected, a good sign. Thanks for watching
