GOLD WILL GO SELL CONFIRM CHART
Today’s Nonfarm Payroll report is expected to show 180k new jobs created in November compared to 150k in October, while the unemployment rate is expected to remain unchanged at 3.9%. A lower-than-expected number will underpin expectations that the Fed will start cutting interest rates at the end of Q1/start of Q2 next year. The latest CME Fed Fund probabilities see a total of 125 basis points of rate cuts in the US next year.
Gold Sell Confirm 2010 Target
Gold Sell Confirm 2010 Target
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180 pips all target hitNote
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