GOLD D1 NFP & inflation rate idea
as we can see the JOLTs Job Openings data is lower than expectations this week, this indicates the worsening condition of the US labor, so that the worsening labor conditions will also have an impact on the worsening of the economy which causes a domino effect on employment as well.
maybe this would the first lower than expected non farm payroll report after the 11 month streak better than expected.
investor should ancipate the up coming inflation rate cut by pushing the GOLD towards all time high as the "save haven" in this macroeconomic situation before the economic bubble happen in this reccesion.
the simetrical triangle breakout on XAUUSD making a high as 2032 at peak, the next retest area will be at POC volume profile same level as the demand area of simetrical triangle breakout, the next bullish target chasing the top trendline of megaphone pattern, retesting resistance area betwen 2050-2060 as the last resistance area before going to 2150-2170 all time high target.
maybe this would the first lower than expected non farm payroll report after the 11 month streak better than expected.
investor should ancipate the up coming inflation rate cut by pushing the GOLD towards all time high as the "save haven" in this macroeconomic situation before the economic bubble happen in this reccesion.
the simetrical triangle breakout on XAUUSD making a high as 2032 at peak, the next retest area will be at POC volume profile same level as the demand area of simetrical triangle breakout, the next bullish target chasing the top trendline of megaphone pattern, retesting resistance area betwen 2050-2060 as the last resistance area before going to 2150-2170 all time high target.
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