– I’ll be looking for potential Buys above 3863.500 targeting 4h Resistance formed at 3884.500 Leaving Runners to the potential Key Level at 3900s.
– I’ll be looking for potential Sells below 3840.000 targeting 4h Rejection at 3819.000 Leaving Runners to the strong Key Level around 3800s.
– Given how the daily candle for gold is showing that bearish rejection at the all-time high, the upcoming economic data, like the non-farm payrolls, unemployment rate, and ISM Services PMI, can definitely drive some significant price movement. Traders will likely react strongly to those numbers, so it’s pretty likely we’ll see some renewed volatility and potentially a clear direction for gold.