TradeCuts: Gold Under pressure
NFP took Gold Short as USD retained strength against Metals despite mixed data. Currently Gold are resting in Support Zone ( 1382.58 - 1378.96), break of these support zone may see Gold
going further short and retesting recent Lows at 1360 and 1345. With current momentum Gold remain under-Pressure if current support break , another sharp dip is on the cards otherwise expect a slow rise to upwards.
For Intraday Traders, Upon break of current support go Short otherwise wait till clear signal for Long.
Sardar Uddin
TradeCuts