GOLD Supported Prior to NFP

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

Gold made a small breakout yesterday, but it is supported prior to the NFP. We might see a move up before the NFP.

The main even the Non Farm Payrolls will determine the move in gold. However, we might expect a small move to the upside prior to the news. After the NFP, we could see the following scenarios:

  • Move up from the 1799 zone towards 1812 and if it breaks 1830.
  • 1830 holds and we have a sell trade there
  • 1830 breaks and 1855 is next
  • 1795 breaks and the price goes lower to 1786
  • 1786 breaks and 1765 is retested.

Watch for the full NPF report and trade GOLD.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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