By analyzing the #Gold chart on the 2H timeframe, we can see that price once again followed our bullish scenario almost perfectly. Gold continued moving higher, and today’s NFP release added even more momentum to the move, pushing price as high as $4372.

Currently, Gold is trading around $4345. In my view, price could make another push toward the important $4382 level and sweep the liquidity resting above this area. After that liquidity sweep, I would not be surprised to see a short-term correction before buyers step in again and continue the broader bullish move.

My next upside targets are $4382 first, followed by the psychological $4400 level. In the medium term, if demand remains strong, I still believe Gold has the potential to move toward $4500. Make sure to study the chart carefully in the highest quality. Several important supply and demand zones are marked there and can provide attractive trading opportunities depending on the price reaction.

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Best Regards , Arman Shaban