Gold Spot / U.S. Dollar
Long
Updated

Gold Long Trend Day

Today, Friday July 5th, 2024, a trend day in gold could develop. Gold has shown strength in recent days and the dollar is weakening. Given the upcoming NFP news for today, a trend could be building that could reach the 2400 levels.
Note
I hope whoever was stopped out by the spike got back into position quickly.
Note
In summary, the current NFP data favors rising #gold prices due to expectations of continued low interest rates and potential economic uncertainty.
Trade closed manually

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