As you can see from the chart, Gold bullish trend exhausted on
NFP Event report around 1688 area. we are to closely monitor the price Action upon market opening by next week.
A medium term bearish trend will be confirmed upon retest of the resistance and a daily close below 1650.00 area.
On the upside, a daily price close above 1690.00 area will renew and continue the bullish trend. we are to monitor the development and the structure towards the 1688 double top resistance area. Until then, stay connected for updates.
The Gold worked out perfectly as expected. Though in oversold zone now.. but no sign of reversal yet. lets be patient and monitor it for further development.
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