Oro / DollaroLong
Gold shines brightly ahead of all important NFP print.
Gold finished higher overnight at $2516 (+0.85%), extending its gains from key support at $2470, as the USD eased.
Provided gold remains above support at 2470ish (sustained basis), it can extend gains towards the top of the trend channel at $2550 in the sessions ahead.
Aware that a sustained break of support at $2470 possibly on a hotter than expected NFP print tonight, would warn of a deeper pullback towards $2400.
Provided gold remains above support at 2470ish (sustained basis), it can extend gains towards the top of the trend channel at $2550 in the sessions ahead.
Aware that a sustained break of support at $2470 possibly on a hotter than expected NFP print tonight, would warn of a deeper pullback towards $2400.
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