I indicated three levels of my scenario. Expect Gold to go up to either 1839 or 1847 USD. As it will reach one of this level will look at smaller timeframe how the trend continues. If I see some weakness will look to enter short trade with target 1800.
Note
Price reached first level 1839 but I do not consider to open any short position. I assume price will reach next level 1847 next.
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Strong US labor data, stronger than expected, lead to price increase above anticipated levels. New levels will be indicated and next scenario will be prepared. Follow me for more ideas.
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