GOLD - Waiting For The News

As we said in yesterday's analysis, the price is rising and close to our second target of 2394. The price is currently trading above 2369 and near the resistance of 2394. Breaking the 2394 level will reach previous highs of 2394, 2440, or new levels. However, a break under support of 2369 will again move the price to 2344 and below 2327.

Today we have important news, Unemployment Rate, Average Hourly Earnings, and Nonfarm Payrolls. The results of the news will have a direct impact on the market, so be careful. Gold may initially reach 2394 and then fall strongly towards 2369 or 2357 and then start its uptrend.
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