Main Scenario: As long as Gold stays above 2020 support level, we expect Gold to continue its main uptrend, so we stay BULLISH
Target Expectation: 2034 – 2037
Considerations Supporting The Scenario: Although gold started to fall last friday due to stronger Dollar, the main trend is still up and found support at 2013 level. Expectations for future stimulus keep prices above the lower band of the main up trend.
Alternative Scenario: An alternative expectation may be taken into account in case of a 4-hour close below 2020 prive level.
Positive Alternative Target Expectation: 2034 – 2037
Negative Alternative Target Expectation: 2013
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|USD||JOLTS Job Openings(Jun) Consensus :4.91 M Previous :5.397 M|