Gold Gold Daily Video, April 30, 2020

[Sive Morten]

Good morning,

Gold market shows logical price action, and supports our upside scenario:

 

[Louis123321]

XOP was just hit. Do you think we could take a long position from this point?

 

[Sive Morten]

XOP was just hit. Do you think we could take a long position from this point?

Gold dropped below XOP now... while butterfly is not erased yet. As we get NFP today - probably it would be better to wait till the next week.

 

[Tryingtrader]

According to Forex Factory, NFP is being released next week on Friday 8 May