The direction of the Gold price will depend on the outcome of the US NFP. The current technical setup is mixed, with a Bear Cross confirmation counteracting any potential rebound based on oversold RSI conditions. On Wednesday, the 100-Daily Moving Average (DMA) crossed the 200 DMA from above, indicating a bearish crossover. If the recovery holds, Gold buyers will target the $1,850 level as resistance after surpassing the strong resistance at $1,830. Further upside could see a challenge to bearish commitments at the September 28 and 29 highs of $1,880. On the other hand, if Gold falls below the crucial support at $1,810, it may face further decline towards the March 8 low at $1,800 and potentially down to the psychological level of $1,750.
🔴 SL: 1813
🟢 TP1: 1823
🟢 TP2: 1830