Tue. Nov 30th, 2021

Dear traders,

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.

Good negotiation,
Nenad Kerkez

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