GOLD consolidates ahead of distribution
GOLD is in a neutral trend and continues to consolidate due to the complex geopolitical and political environment. The metal is supported by Asia and the conflict in the Middle East, while the pressure is created by the USA: Trump and the hawkish stance of the Fed
Scenario: the price may make a false breakdown of the zone of interest after which the balance in the market will change, which may provoke further selling on the background of profit taking, which may happen due to the news.
Focus on NFP which will be on Friday
Scenario: the price may make a false breakdown of the zone of interest after which the balance in the market will change, which may provoke further selling on the background of profit taking, which may happen due to the news.
Focus on NFP which will be on Friday
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