Corrective move gold bullish on USD1361 range and are expected to support USD1361 breaking toward the reversal will then continue to lead to bearish toward breaking support USD1350, however subsequent Gold movements seem to be heavily influenced by the release of u.s. economic data further especially related to NFP release this weekend.
The FED must be careful on the rise in interest rates because of the risk to the growth of the US economy, so NY-FED William Dudley said earlier this week. This led to speculation that a rise in interest rates at the end of the year the program will fade. Oil prices rose in thin early trading on yesterday after U.S. crude oil slumped under USD40 per barrel, but traders said that the market will continue to fuel whose excess production.
Technical Analysis
On the graph below the H4 can be seen one of the chances of a split which could help you taking trading decisions today.
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