XAUUSD Daily Update 3/9/2020
Today the market's focus is on the release of NFP data for August, the US unemployment rate is predicted to improve, but the US NFP data is predicted to fall. However, if the NFP results are released above the prediction alone, then this result has the potential to strengthen the US dollar against several currencies and gold. For today, the NFP bitch is released, the price of Gold is predicted to rise towards the level of 1946.00 but it has the potential for Gold to weaken back to the level of 1917.00 if Gold fails to break the 1946.00 level.
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