GOLD: Improved Volume Signals Potential Upside for Gold

GOLD: Improved Volume Signals Potential Upside for Gold

Yesterday the volume was very low and failed to start the uptrend. Perhaps it was also in this situation because of the NFP data that came out better than expected and the US dollar showed strength again.

Gold found strong support in our old area near 4030 from where it recovered again. Currently gold reached 4078 and chances are it will rise further.

Today's volume seems to be better compared to all other days combined. The fundamental analysis did not change during all these days.

Targets remain the same:
4150
4230
With extension levels at 4290 and 4360 if momentum accelerates

You may find more details in the chart!
Thank you and Good Luck!

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