All the content is provided for general information only and trade signals should not be construed as any form of regulated advice. It does not take into consideration your personal circumstances, including your investment objectives, risk profile, tax status, knowledge and understanding or financial situation. Past performance is no guarantee of future results.
Commentary
Gold has recently continued it's strong upward momentum over the past few months and we believe could challenge long term resistance at $1919 over the coming trading sessions.
Additionally, there could significant price action tomorrow if the payroll number is considerably different than the 650K forecast.
If the 50 day MA moves above the 200 day MA this would confirm the buy signal and could see Gold challenge multi year highs above $2000.