FX.co ★ XAU/USD, GOLD

It is worth noting that for GOLD nothing much is changing in the sense that we continue to trade in the same range. First, today during the Asian session we tried to move down or pull back, but even there we almost didn’t reach 4220 and started to grow again. Naturally, we still have a local upward move. And now it turns out that there is room to grow further, because a local consolidation area has formed around the highs. Therefore, there should be a spike above 4303. Although of course a lot will depend on demand for the dollar, and today we have NFP. In general, I’m not considering buys from these prices myself. But I assume that we can climb above 4303. And if we fail to hold there, then I’ll try to sell.