GOLD CONFIRM PREDICTION FOR TODAY NFP
Gold price found fresh demand on Thursday, although remained capped below the $2,000 level. Looking ahead, risks remain tilted to the upside for Gold price, as several Bull Crosses remain in play and the 14-day Relative Strength Index (RSI) indicator sits just beneath the overbought territory.
The 21-day Simple Moving Average (SMA) broke above all the key major SMAs, confirming multiple Bull Cross earlier this week.
If the Gold price rebound gains traction, immediate resistance is seen at Wednesday’s high of $1,993, above which the $2,000 threshold will be retested.
Acceptance above the multi-month high of $2,009 is critical to reviving the uptrend toward the mid-May high near $2,020.
Gold Buy : 1989
TP. : 1997
TP. : 2005
TP. : 2010
SL. : 1976
The 21-day Simple Moving Average (SMA) broke above all the key major SMAs, confirming multiple Bull Cross earlier this week.
If the Gold price rebound gains traction, immediate resistance is seen at Wednesday’s high of $1,993, above which the $2,000 threshold will be retested.
Acceptance above the multi-month high of $2,009 is critical to reviving the uptrend toward the mid-May high near $2,020.
Gold Buy : 1989
TP. : 1997
TP. : 2005
TP. : 2010
SL. : 1976
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