Gold retests key level on NFP miss

8 January 2021 | Updated: 8 January 2021

Last month the US substracted 140K jobs on the worst Non-Farm Payrolls since April.

Gold failed to climb higher but is now retesting the 1860 level which is also the 2.618 of the last pullback. This finished the ABC pullback of the previous bullish move.

This long signal is risky since we are facing an non-validated reversal (no pattern) but with hw fast this market moves in NFP Friday the R of the setups justifies the risk.

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