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$XAU/USD (XAUUSD.CFD)$ ย Hi everyone , sorry for no updated ...
Hi everyone , sorry for no updated today . ๐
But no worries , big things are coming tomorrow . Its US non-farm payroll day and everyones waiting with bated breath .๐
But no worries , big things are coming tomorrow . Its US non-farm payroll day and everyones waiting with bated breath .๐
A Payroll Surprise Could Shake Things Up
If the data comes in weaker than expected , it could throw a wrench in the Fed hawkish plans (meaning they might not be as aggressive with raising interest rates) .
If the data comes in weaker than expected , it could throw a wrench in the Fed hawkish plans (meaning they might not be as aggressive with raising interest rates) .
And that my friends , could be good news for gold prices potentially sending them up .
Technical Talk: Big Picture vs. Short-Term
Looking at the daily chart , gold seems to be stuck in a bit of a holding pattern . But things can change quickly ! By next week , we might see some bullish momentum kick in .
Looking at the daily chart , gold seems to be stuck in a bit of a holding pattern . But things can change quickly ! By next week , we might see some bullish momentum kick in .
On the smaller timeframes , there a chance gold could dip down to support levels around 2357-2352 or even 2342-2337 . That could be a good buying opportunity for some .
My Prediction (For Today at Least !)
Today , Im targeting those support zones . But tomorrow , with the non-farm payroll data release , I think we could see a breakout above resistance . It could be a Wonderfull day ! ๐ซถ๐ป
Today , Im targeting those support zones . But tomorrow , with the non-farm payroll data release , I think we could see a breakout above resistance . It could be a Wonderfull day ! ๐ซถ๐ป
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้ปๅฎขๆท้่ : Hi, I'm a newbie
King Crab OP ้ปๅฎขๆท้่ : This US Non-Farm Payrolls is actually a very important economic data release in the US . It basically tells us how many new jobs were created outside of farming each month . Well , a strong jobs report can signal a healthy economy , which might not be great news for gold prices .
้ปๅฎขๆท้่ : Thank you
for the guide