Can GOLD breath some air now? Not for long!
Yesterday, the statistics for Nonfarm Payroll in the United States were much higher than expected and had a relatively strong and emotional reaction in the financial markets.
The interesting thing that happened was that the bonds are coming back very quickly after the correction to continue their upward trend and gold is also supported at 1815 $ and so far, no candle has closed below this support. But can it move in the same direction as the papers? Previous reviews (from 1980 till now) say that not for a long time!
If the bond breaks the 4.89% resistance, the probability of breaking the $1815 support for the #gold ounce (sooner or later) will be greatly strengthened.
The most important events that must be observed for bonds are the breaking of supports and resistances, and they are much more important than the trends themselves.
We have to see how the game starts on Monday...
The interesting thing that happened was that the bonds are coming back very quickly after the correction to continue their upward trend and gold is also supported at 1815 $ and so far, no candle has closed below this support. But can it move in the same direction as the papers? Previous reviews (from 1980 till now) say that not for a long time!
If the bond breaks the 4.89% resistance, the probability of breaking the $1815 support for the #gold ounce (sooner or later) will be greatly strengthened.
The most important events that must be observed for bonds are the breaking of supports and resistances, and they are much more important than the trends themselves.
We have to see how the game starts on Monday...
nfa & dyor
Invest Smart!
Invest Smart!
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