XAUUSD - React to job numbers and prospects
Updated
U.S. nonfarm payrolls rose by 187,000 last month, according to the Bureau of Labor Statistics, which released the numbers on Friday. The monthly figure was below the market consensus estimates of 205,000.
The gold market didn't react much. December gold futures last traded at $1,970 an ounce, roughly unchanged on the day.
The gold market didn't react much. December gold futures last traded at $1,970 an ounce, roughly unchanged on the day.
Note
🐾 BUY XAUUSD zone 1936 - 1938⚠️ Stop Loss : 1932
💲 Take Profit 1: 1942
💲 Take Profit 2: 1947
💲 Take Profit 3: 1952
Trade active
⭐️Plan to BUY Successfully Runnings + 30pips 💲💲💲Trade active
Close 1/2 + 40pips 💲💲💲 1/2 Move SL to Entry ⭐️Note
The IGCS gauge shows that about 76% of retail traders are net-long gold. Since the vast majority are biased to the upside, this continues to suggest that prices may keep falling down the road.Note
🐾 SELL XAUUSD zone 1950 - 1952⚠️ Stop Loss : 1957
💲 Take Profit 1: 1947
💲Take Profit 2: 1942
💲 Take Profit 3: 1935
🐾 BUY XAUUSD zone 1926 - 1924 (scalping)
⚠️ Stop Loss : 1919
💲 Take Profit 1: 1931
💲Take Profit 2: 1937
💲 Take Profit 3: 1945
Trade active
⭐️Plan to BUY Runnings + 70pips 💲💲💲Note
The Federal Reserve governor, Bowman, believes that the Fed needs to increase interest rates to bring inflation below the target of 2%. Gold prices have been negatively affected by recent increasing tensions between Russia and the UK, as well as the continued rise of the DXY index. Recent economic data from the US has impacted the future expected interest rates of the Fed. A weaker USD may lead to a gold price recovery, but it would require a catalyst such as the important CPI index happening tomorrow evening.
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