All eyes on unemployment claims
As I posted yesterday we are on the way to 1900-1910
London open trading session played out perfectly on what we anticipated with XAUUSD hitting the 1890 mark before retracing down
we are looking for gold to support above 1875 for continuation to 1900
The next push will be determined by the unemployment claims report
bad USD numbers will most likely push gold down before going up
positive USD numbers will most likely push gold up before going down to test 1875-1880 support
if we can stay above 1885-1890 we are going to hit the 1900 mark and possibly 1910
at the 1900 and 1910 levels we will absolutely see a heavy push down as we hit major resistance
the only thing that can shoot gold to the moon on a quick run to 2000 would be a black swan escalation with Russia
**This post is for informational purposes only**
London open trading session played out perfectly on what we anticipated with XAUUSD hitting the 1890 mark before retracing down
we are looking for gold to support above 1875 for continuation to 1900
The next push will be determined by the unemployment claims report
bad USD numbers will most likely push gold down before going up
positive USD numbers will most likely push gold up before going down to test 1875-1880 support
if we can stay above 1885-1890 we are going to hit the 1900 mark and possibly 1910
at the 1900 and 1910 levels we will absolutely see a heavy push down as we hit major resistance
the only thing that can shoot gold to the moon on a quick run to 2000 would be a black swan escalation with Russia
**This post is for informational purposes only**
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.