The market is closely watching the upcoming U.S. Nonfarm Payrolls (NFP) report, scheduled for release today at 12:30 GMT
NFP Expectations & Market Impact
Forecast: 100,000 new jobs in April, down from 228,000 in March.
Unemployment Rate: Expected to remain at 4.2%.
A weaker-than-expected NFP report could bolster gold prices, as it may increase expectations for Federal Reserve rate cuts. Conversely, a stronger report might pressure gold lower due to potential rate hike considerations.Gold's price movement today is likely to be influenced significantly by the NFP report. Traders should watch for a breakout above $3,262 for potential bullish momentum
Buy trade
probably NFP data is weaker than expected, consider long positions above $3,262, targeting $3,276 and $3,295.
After NFP price to market it will going down again to 3200-3150 zone in next week .main trend is now bearish
NFP Expectations & Market Impact
Forecast: 100,000 new jobs in April, down from 228,000 in March.
Unemployment Rate: Expected to remain at 4.2%.
A weaker-than-expected NFP report could bolster gold prices, as it may increase expectations for Federal Reserve rate cuts. Conversely, a stronger report might pressure gold lower due to potential rate hike considerations.Gold's price movement today is likely to be influenced significantly by the NFP report. Traders should watch for a breakout above $3,262 for potential bullish momentum
Buy trade
probably NFP data is weaker than expected, consider long positions above $3,262, targeting $3,276 and $3,295.
After NFP price to market it will going down again to 3200-3150 zone in next week .main trend is now bearish
Order cancelled
Gold not break 3262 
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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.
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.