Gold Gold Daily Video, May 03, 2024

[Sive Morten]

Good morning,

It is difficult to say what we'll get on NFP report, any weakness probably should support Gold. But, for now we still think that Gold could try to show higher upside bounce:

 

[Brett Reynolds]

I am biased sell on Gold with a move initially back to $2240. This depends on a 4hr or Daily close below support at $2280. I would need to see a 4hr close 'Above' $2320 to change my opinion. A 4hr descending triangle is forming..BUT with NFP i will NOT be placing any trades before...!?