Gold possible pullback
Updated
Gold price consolidates recent gains after crossing the key resistances near $1800. The US Dollar rebound would allow Gold to have a pullback. The market awaits the key US Nonfarm Payrolls (NFP) during early Friday. If $1796 support broken another key level is the previous month’s top near $1787. Failure to keep above would open the door to $1750. The previous day’s high is $1805 and above it $1810 can be tested. XAUUSD bulls may target $1815 - $1820 if they manage to break above $1810. We expect a pullback from the resistance area.
Note
Gold short is running in profit, please book your profits now.
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