Gold Gold Daily Video, May 06, 2024

[Sive Morten]

Good morning,

Gold market mostly stands indecision, but intraday picture looks slightly bullish, suggesting that Gold could show a bit more extended upside action:

 

[Brett Reynolds]

I took a sell at $2308 afer NFP. I got my stop to breakeven...with targets to $2280 then $2240..

 

[Sive Morten]

I took a sell at $2308 afer NFP. I got my stop to breakeven...with targets to $2280 then $2240..

In this case your traders are done already? At least the first one?

 

[Brett Reynolds]

In this case your traders are done already? At least the first one?

Yes. Stopped out today at Breakeven on Friday trade... Price now at $2320..and will look to see what happens on 4hr and Daily close today!? Its a holiday here in UK so i don't expect too much movement. $2350 is also another level that market could reach this week..especially if Middle East tensions rise again.!?

 

[Sive Morten]

if Middle East tensions rise again.!?

Yeah, it seem they are under way already... At least Israel is actively bombing Rafah and prepares for land operation...