This week’s NFP data was strongly bullish for gold, pushing gold prices higher once again. Nevertheless, the market failed to break through the key resistance zone of 4380‑4400. Going short near this key resistance level remains profitable.
All bullish news has now been released. Impacts from data and news are only temporary. Short‑term downward correction may occur at any time. Huge profit potential awaits if you open short positions at proper zones. Focus on the 4380‑4400 resistance area above; positions can be held for the long term.
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