Gold price is facing a direction choice, under pressure line since Sep, crucial price levels are 1281 and 1263, fibo RET levels since Sep.
Averagely gold price range with (-1.1%,-1.8%) in following 8 hours after NFP data released this year.Set 1275 as basement, the range is 1261- 1298.
Under rate hiking circumstances, If u prefer to short the symbol, there a 2 bearish patterns at 1285 and 1301.
If NFP data over 30K and wages growth higher than 2.8%, 1260 may fail to support, head to 1250 again.
If week NFP data less than 25K and wages growth less than 2.6%, cancel the short plan and buy dip.
Good luck every one!!!!!
Averagely gold price range with (-1.1%,-1.8%) in following 8 hours after NFP data released this year.Set 1275 as basement, the range is 1261- 1298.
Under rate hiking circumstances, If u prefer to short the symbol, there a 2 bearish patterns at 1285 and 1301.
If NFP data over 30K and wages growth higher than 2.8%, 1260 may fail to support, head to 1250 again.
If week NFP data less than 25K and wages growth less than 2.6%, cancel the short plan and buy dip.
Good luck every one!!!!!