Long

Lingrid | GOLD coiled UP for a BREAKOUT Ahead of NFP

has nicely bounced off the support level and is currently testing the previous day’s high. With the market trading within the range of the previous day, it seems to be in anticipation of the upcoming NFP data. There are two daily highs above the current price, which may create some resistance for further upward movement. However, considering the bullish momentum since the start of the week, it appears that the price might be forming an ABC move suggest that the market may reach 2985 level. I think price may retest the zone above last week's high then pulling back closing below it. Overall I expect upward spike, if the upcoming news doesn't negatively impact the price. My goal is resistance zone around 2945

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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