Short-term recovery of gold prices
Updated
Hi trader, Maria would like to share my opinion
Gold spot prices have surged to $1,833.00 during late Friday trading following a strong US Non-Farm Payrolls (NFP) report. Despite still being lower than Monday's opening prices, the XAU/USD bids are reaching new highs due to positive market sentiment and increased risk appetite.
The US economy experienced an unexpected increase of 26K jobs, surpassing the forecasted 170K and showing further improvement from the revised previous reading of 227K (originally reported as 178K).
Predict gold price trend: 9-13/10/2023
Resistance zone: 1860, 1880
Support zone: 1810, 1790
Good luck everyone $$$
Gold spot prices have surged to $1,833.00 during late Friday trading following a strong US Non-Farm Payrolls (NFP) report. Despite still being lower than Monday's opening prices, the XAU/USD bids are reaching new highs due to positive market sentiment and increased risk appetite.
The US economy experienced an unexpected increase of 26K jobs, surpassing the forecasted 170K and showing further improvement from the revised previous reading of 227K (originally reported as 178K).
Predict gold price trend: 9-13/10/2023
Resistance zone: 1860, 1880
Support zone: 1810, 1790
Good luck everyone $$$
Note
With no important news on Monday, gold prices continued their upward trendNote
set up signal Sell 1838-1840 on the morning MondayNote
exact trend
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