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Lambert: Buying gold on NFP day
The first Friday of the month can be difficult for traders due to the US jobs' data that's published later, warns Clive Lambert, from FuturesTech. With that in mind, he's chosen today to buy gold.
Clive says the precious metal spiked in February, but after falling it's started to consolidate. He says this trade has a one to two-week horizon.
He is looking to buy gold on a dip to 1249 with a stop below 1239. His targets are 1286 and 1305, levels that date back to a year ago.
He is looking to buy gold on a dip to 1249 with a stop below 1239. His targets are 1286 and 1305, levels that date back to a year ago.
01:17 minutes
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