Gold has been wild this week with moves down that should plunge gold straight in to a bear market but then it bounces straight off to retest the high not even 24 hours later and what I am see ahead of NFP is that gold could have more upside potential before move again to the down side ahead of very strong numbers expected for the Non Farm Payrolls at 450k.
So what I am having a look at today is for gold to come up to a very strong supply zone to the upside at 1810 before collecting order and then come to the down side to correct the bullish runs created this week if the data comes out as expected.
However i wont be taking blind sells at the top of the move and I will be waiting for a signal to show downside movement in the form of double tops, break of the supports, break and retests to the down side and rejection wicks at the supply zone.
So what I am having a look at today is for gold to come up to a very strong supply zone to the upside at 1810 before collecting order and then come to the down side to correct the bullish runs created this week if the data comes out as expected.
However i wont be taking blind sells at the top of the move and I will be waiting for a signal to show downside movement in the form of double tops, break of the supports, break and retests to the down side and rejection wicks at the supply zone.