- As shown in the chart after the NFP result, gold sold off, breaking through both the 1500 psychological level + 200 MA
- Price has now reversed and closed, with the 200 MA + 1500 level acting as support
- May see a bounce from this level in the near term
- Would need to break through the 1510 resistance barrier to confirm bull in the short term
- Price has now reversed and closed, with the 200 MA + 1500 level acting as support
- May see a bounce from this level in the near term
- Would need to break through the 1510 resistance barrier to confirm bull in the short term