Today's GOLD - Range is narrowing
Updated
Gold moved closer to the $1,900 average on Friday after a weaker-than-expected US June jobs report suggested the Fed's hawkishness had eased, as its policymakers The central bank sat down to assess the next rate in three weeks.
This week, a daily close below the $1910-$1900 range will prolong gold's correction, pushing it towards $1885 -$1866 -$1845.
On the contrary, if the economic data is supportive for gold, and the $1932 price zone is broken out and held, it is likely that the price will continue to recover above the $1950 level.
Set up: BUY GOLD zone: $1919 - $1917 - SL 1910
SELL GOLD zone: $1930 - $1933 - SL 1938
This week, a daily close below the $1910-$1900 range will prolong gold's correction, pushing it towards $1885 -$1866 -$1845.
On the contrary, if the economic data is supportive for gold, and the $1932 price zone is broken out and held, it is likely that the price will continue to recover above the $1950 level.
Set up: BUY GOLD zone: $1919 - $1917 - SL 1910
SELL GOLD zone: $1930 - $1933 - SL 1938
Trade active
Buy +80pipsNote
Waiting for break out 1926$. Taget 1940$ 1950$
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