XAUUSD H4 MARKET OUTLOOK

176
XAUUSD traded and closed at $3036 level. From the intraday perspective, I anticipate a further drop in the first few days of coming week. Up to $2999.29 and then, possibly to a new support level of 2924.28.
Fundamentally , the recent NFP report which came better than expected will make Gold to decline on a short-term. Making its first pullback for the year after trading an all time high price of 3140

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.