Gold price waiting for news tonight will increase sharply!
Updated
Gold held at $2,370 per ounce on Friday, hovering at two-week highs, as investors await the US non-farm payrolls data due later in the day to assess the country’s economy’s health and seek cues on the Federal Reserve’s potential rate-cut timeline. The bullion is also set for its first weekly gain in three, as recent slew of labor market data bolstered expectations that the Fed might at least slash rates twice this year.
🔴SELL GOLD: 2399 - 2401, SL: 2405
🟢BUY GOLD: 2352 - 2350, SL: 2346
🔝Technical analysis: Yesterday, gold returned to test support + Trend H4 as expected and continued to increase strongly to the Sell area 2378-2380, in response falling another 10 prices.
Currently, the price range of 2380-2355 seems to be kept until Nonfarm tonight
⛔️Breakout:
📈 Breakout on: 2380 - 2400 - 2414
📉 Breakout below: 2350
🔼Support: 2351 - 2345 - 2340 - 2330
🔽Resistance: 2390 - 2400 - 2405 - 2414
GOOD LUCK EVERYONE👍
🔴SELL GOLD: 2399 - 2401, SL: 2405
🟢BUY GOLD: 2352 - 2350, SL: 2346
🔝Technical analysis: Yesterday, gold returned to test support + Trend H4 as expected and continued to increase strongly to the Sell area 2378-2380, in response falling another 10 prices.
Currently, the price range of 2380-2355 seems to be kept until Nonfarm tonight
⛔️Breakout:
📈 Breakout on: 2380 - 2400 - 2414
📉 Breakout below: 2350
🔼Support: 2351 - 2345 - 2340 - 2330
🔽Resistance: 2390 - 2400 - 2405 - 2414
GOOD LUCK EVERYONE👍
Note
BUY GOLD: 2352 - 2350 win 50 Pips
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