Positive data came from NFP for the month of March. While Economists forecast a rise by 647,000, instead it jumped 916,000. Not only that, the unemployment rate also dropped to 6%. These report alone should drag gold down while the dollar index suppose to rally up. However, gold ended bullish.
Looking ahead, gold temporally has bottom-out at 1675 and likely to...
A close below 1765 could move gold towards the ascending trending OR a close above 1874 will expose gold towards 2000.
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades