Yesterday, Gold made a small break, but was supported before the PNF. We may see a rise before the PNF.
The main thing, even non-agricultural payrolls, will determine the gold movement. However, we could expect a small step upwards before the news. After the PNF, we could see the following scenarios:
- Move up from the area from 1799 to 1812 and if it breaks in 1830.
- 1830 is maintained and we have a sale trade there
- 1830 breaks and 1855 is next
- 1795 breaks and the price drops to 1786
- 1786 is broken and 1765 is tried again.
Monitor the full MPN report and change GOLD.
The analysis has been done with the Black Widow System.
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