GOLD is Bearish After the NFP

We should expect a bearish continuation of the GOLD move. If the market doesn’t break 1766, the price should go lower. The 1750 zone is where bears might be waiting and pull the price lower. Watch for 1766 as resistance and 1750 zone for shorting. Targets are 1705, 1667 and 1650. Only a break above 1766 is temporary bullish

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Cheers and safe trading,

Nenad

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Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.