The market did not change too much after the Nonfarm news last Friday. The increase due to the impact of the news caused gold to increase from the 1990 price before the news to 2004, then decreased again in the Asian session this morning by $10, with a Current trading in 1985.
With the US economic data on jobs and services released on Friday, and the conflict still remaining although easing... the upside potential for Gold is more feasible than the downside.
PLAN EUROPE, if by the middle of Europe Gold still holds above the 1,980 - 82 zone, the Buying position is still possible. Only when it falls below this zone will the Buy position be reconsidered. At that time, you will have to exit the Buy early but not Sell quickly chased away
Expect to buy TP around 1990 - 1992, further if the buying side is strong enough in 2002.
Sell waiting for more signals
With the US economic data on jobs and services released on Friday, and the conflict still remaining although easing... the upside potential for Gold is more feasible than the downside.
PLAN EUROPE, if by the middle of Europe Gold still holds above the 1,980 - 82 zone, the Buying position is still possible. Only when it falls below this zone will the Buy position be reconsidered. At that time, you will have to exit the Buy early but not Sell quickly chased away
Expect to buy TP around 1990 - 1992, further if the buying side is strong enough in 2002.
Sell waiting for more signals