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At present, the analysis chart above gold shows that the suppression of the daily shock is near 2320 and 2327, this position has been tested twice, the white pull up we estimate is difficult to break through these two positions, close to the first empty, the shock market must be intercepted, the right side of the transaction may die very miserably, it is difficult to grasp large profits, the left side of the transaction needs courage and patience.
Pressure 2320 and 2327, support 2292,2280, strong and weak dials 2300.
Fundamental analysis
Friday's U.S. unemployment rate for April was 3.9 percent, a high lead and expected 0.1 bullish gold. In addition, the April non-farm employment data of 175,000 people, higher than the expected 243,000, also higher than the advance of 315,000, gold, gold surged 20 points, but only briefly.
Gold is sold around -----2322-2325
Target 2300-2292
At present, the analysis chart above gold shows that the suppression of the daily shock is near 2320 and 2327, this position has been tested twice, the white pull up we estimate is difficult to break through these two positions, close to the first empty, the shock market must be intercepted, the right side of the transaction may die very miserably, it is difficult to grasp large profits, the left side of the transaction needs courage and patience.
Pressure 2320 and 2327, support 2292,2280, strong and weak dials 2300.
Fundamental analysis
Friday's U.S. unemployment rate for April was 3.9 percent, a high lead and expected 0.1 bullish gold. In addition, the April non-farm employment data of 175,000 people, higher than the expected 243,000, also higher than the advance of 315,000, gold, gold surged 20 points, but only briefly.
Gold is sold around -----2322-2325
Target 2300-2292
Comment:
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Now gold has fallen to 2316! If you had sold gold near 2322 as I suggested, you would now have made a profit of $6!
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Yesterday our scalping trade made us over $10 in profit
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Gold is now at 2313 prices
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