The gold made new highs. I think the market may pull back to the support level at 2280, where the impulse move occurred. It took liquidity below the previous day's low. I think the market will move sideways until the NY session because we have upcoming NFP news. Overall, I expect a choppy market because impulses will move from the support level if we see negative reports. My goal is the resistance zone around 2313.00
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Gold's five-session record surge, which set the metal on track for its third straight weekly rise, came to a halt on Friday as market focus shifted to the U.S. non-farm payrolls data that could offer more clues on the Federal Reserve's monetary policy trajectory.
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