Gold has reached the threshold of recovery and is likely to fall
Gold rebounds from multi-month lows as traders focus on U.S. dollar’s pullback. The strong Non Farm Payrolls report did not put pressure on gold markets as currency traders decided to use the news as an opportunity to take some profits off the table after dollar’s rally.
In case gold manages to settle above $1830, it will head towards the nearest resistance level at $1845 – $1855.
In case gold manages to settle above $1830, it will head towards the nearest resistance level at $1845 – $1855.
Comment:
