XAUUSD
The US Dollar (USD) rose to 103.90 on Friday’s Dollar Index (DXY) char.
Gold likes to return to previous levels and then probably head lower.
USD Stong
Gold Weak
- January Nonfarm Payrolls: 353K jobs created (180K projected), robust growth.
- Average Hourly Earnings (January): 0.6% MoM increase, surpassing 0.3% consensus.
- Annual Average Hourly Earnings (2024): 4.5%, up from 4.4%.
Gold likes to return to previous levels and then probably head lower.
USD Stong
Gold Weak
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