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Piyasa

Data Likely to Favor Bullishness

Data Likely to Favor Bullishness

GOLD (US$/OZ) TVC:GOLD

Gold broke through the $4300 level again in the European session, likely indicating that today's non-farm payroll data will favor bullishness. Many institutions were buying gold before the data release, pushing prices higher again. Conversely, yesterday's bearish initial jobless claims data didn't cause a significant drop in gold, demonstrating the current strength of the bullish trend. Friends, continue to go long on gold; it may rise to the $4400-$4500 area driven by the data. The bullish trend in gold is here, are you ready? Today we will have multiple entry points; I think this is destined to be an extraordinary day.

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