GOLD → Ahead of NFP. Shall we get to 2500?

2 ago

XAUUSD is making new highs and approaching a strong resistance zone from which a small correction may follow before a further rise. NFP is ahead, which may set a short-term backdrop

The dollar is in a sideways range ahead of the news, which generally indicates a neutral mood among traders. Strong news can either renew the dollar's decline, which will be favorable for gold, or have the opposite reaction, so it is necessary to look at the actual data.
Technically, the gold is approaching the ATH and there is a high probability that the price will not only test the high, but also update it. In general, the fundamental and technical background is positive this week and I think that in the short and medium term we should wait for the continuation of growth.

Resistance levels: 2368, 2475, 2483
Support levels: 2451, 2440, 2430

Gold reduces volatility before the news as speculators go into wait-and-see mode. High volatility is expected, on this background the price may test the support before further growth. But if the resistance of 2483-2475 is broken at once, the price may go to 2500-2550.

Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;

Regards R. Linda!

2 ago

Nota

Resistance levels: 2468**, 2475, 2483
Support levels: 2451, 2440, 2430