Although the JOLTS Job report was higher than anticipated, it did not phase Gold (XAUUSD) as such. This pattern was formed well before the report, and it was bound to break out. Key things to note:
1. Major support at 1780 level
2. Possible T/P at 1794
3. If it is a true breakout, levels can drop to 1765, which is the next support.
1. Major support at 1780 level
2. Possible T/P at 1794
3. If it is a true breakout, levels can drop to 1765, which is the next support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.