Gold erased another portion of its losses after hawkish rate cut from the Fed. All eyes on NFP release now.
The main scenario is a strengthening towards the 1505 region.
An alternative scenario is an easing to the handle of 1490.
A sharp breakout above 1500 could spark a further recovery towards 1505.
Sell the gold towards 1490 when you see the yellow metal bounces off 1500.