Nonfarm prediction April 5, 2024
Updated
Gold fell back after an unsuccessful attempt to stabilize above $2,300. Traders withdrew some profits after the strong rally.
Gold is still in an overbought state so there may be more downward momentum in the near future.
Prediction information from Nonfarm is currently inconsistent on one side when the Average Income Index / Hour is growing strongly at 0.3% but Nonfarm is predicted to decrease compared to the previous period and Nonfarm prediction ability decreases. is extremely high when unemployment claims are at a high level and because of this, the Fed is also highly likely to reduce interest rates to attract more jobs.
Gold is still in an overbought state so there may be more downward momentum in the near future.
Prediction information from Nonfarm is currently inconsistent on one side when the Average Income Index / Hour is growing strongly at 0.3% but Nonfarm is predicted to decrease compared to the previous period and Nonfarm prediction ability decreases. is extremely high when unemployment claims are at a high level and because of this, the Fed is also highly likely to reduce interest rates to attract more jobs.
Note
💵XAUUSD SELL 2288 - 2290💵✔️TP 2283
✔️TP 2277
❌SL 2295
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