Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaRisky moods are still there in the market - that's why gold is still falling. The MAs are all aligned inversely and aim downwards, and the gold price trades consistently below them. Every now and then, it comes into the area between 50-MA and 100-MA every and cedes back the gains.
Recently, it made a serious dip to 1720 and bounced upwards. If the "algorithm" doesn't change, it's likely to go slightly above 1760 to meet the 50-MA and revert downwards.
Watch the resistance of 50-MA and 1760 for signs of bearish reversal.
