Gold falls below 1200 on the back of the U.S Non Farm Payrolls
The downtrend channel that has taken shape so far as Gold tests 1180
The more than expected jobs creation data saw the bullish USD gain further ground as investors shifted focus to the next Fed decision to raise rates for the dollar, shifting demand from commodity and other assets.
Trend Direction |
S3 |
S2 |
S1 |
R1 |
R2 |
R3 |
Entry |
Stop Loss |
Exit |
| Bearish | 1137 | 1180.67 | 1181 | 1194.14 | 1200 | 1208 |