Gold- Would NFP "resolve" the range?

8 באוק׳ 2021

As I said yesterday, Gold is trading in a range that has become annoying. Today is NFP, and this can give us direction.
From a technical perspective, the structure remains bullish, and this rectangle should lead to continuation to the upside.
The resistance starts above 1780 and extends to 1800 and this zone can offer bulls the target for their trades.
The bullish scenario is negated with a daily close under 1750 zone

8 באוק׳ 2021

הערה

It seems like NFP didn t "resolve" the range and, although we had a much worth than expected data, Gold just spiked up and returned in the range.
If the day will close inside the range is an indication of a probable continuation to the down side and a lower high in place once we have a close under 1759