Strong support at 2020, rejecting day 3.
Here in first situation, all I see is the 2070 area now which can work as a strong support for gold to fall back down again.
Yet, we can see another situation due to NFP, gold can jump up to 2040 again (If gold breaks resistance at 2040 we can see situation 1) and then break the support at 2020.
Be patient, trade safe and do not rush for money.
Here in first situation, all I see is the 2070 area now which can work as a strong support for gold to fall back down again.
Yet, we can see another situation due to NFP, gold can jump up to 2040 again (If gold breaks resistance at 2040 we can see situation 1) and then break the support at 2020.
Be patient, trade safe and do not rush for money.
Secret to the Price Action is Liquidity.
2