Traders, do not forget that we are expecting the NFP release today. Depending on the figures, I see 2 potential scenarios on Gold.
Bullish Scenario 1941 - 1945 is a key horizontal resistance. If the market breaks and closes above that, I will expect a bullish continuation to a major falling trend line.
Bearish Scenario 1925 - 1935 is a key horizontal support that the price is approaching now. Its bearish breakout and a daily candle close below will push the prices lower. Next goal will be 1908.
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