📨Gold will go in the range of 2250 to 2300 on Wednesday and Thursday so fasten your seat belt and get ready for a ride🥇⤴️⬆️⬆️⬆️📊📊📊
We think, on Monday gold (XAUUSD) will open with gap up at 2248 to 2255 and then retrace to 2209 to 2215 and then move towards 2260.
Market can be volatile so maintain proper risk management while trading.
Market can be volatile so maintain proper risk management while trading.
We think, on Monday gold(XAUUSD) will open with Gap up at 2342-2349 range this week gold hit 2464 then back to 2315 range
US nonfarm payrolls will undoubtedly be the focal point of the day. The estimated figure stands at 243k, notably lower than the robust 303k reported in the previous release and below all other readings recorded this year. This anticipated decrease suggests a potential softening in the labour market, which could impact market sentiment and expectations regarding future monetary policy decisions.
*QUICK UPDATE*
The dollar fell on Friday after data showed that U.S. employers added fewer jobs than expected in April, while wage inflation was also slightly cooler than expected.
Employers added 175,000 jobs last month, below economists' expectations for an 243,000 increase. Wages increased 3.9% in the 12 months through April, below expectations for a 4.0% gain and after rising 4.1% in March.
If the same market sentiment remains, then 105-105.25 will be the new resistance area for DXY.
News coming again. Be careful.
_we had a profitable news session today. So, don't take any impulsive trade and lose the profit_ Overall we had a little tough week
The dollar fell on Friday after data showed that U.S. employers added fewer jobs than expected in April, while wage inflation was also slightly cooler than expected.
Employers added 175,000 jobs last month, below economists' expectations for an 243,000 increase. Wages increased 3.9% in the 12 months through April, below expectations for a 4.0% gain and after rising 4.1% in March.
If the same market sentiment remains, then 105-105.25 will be the new resistance area for DXY.
News coming again. Be careful.
_we had a profitable news session today. So, don't take any impulsive trade and lose the profit_ Overall we had a little tough week
Next trading opportunities:
Medium Risk: Buy: 2364-62, 2356.80, 2352
Sell: 2381
High Risk sell below:2371
Medium Risk: Buy: 2364-62, 2356.80, 2352
Sell: 2381
High Risk sell below:2371
Gold climbs to record peaks, targets $2,850
The upside momentum in Gold prices remain unabated omn Tuesday, with the yellow metal navigating all-time highs near the $2,850 region per ounce troy.
The upside momentum in Gold prices remain unabated omn Tuesday, with the yellow metal navigating all-time highs near the $2,850 region per ounce troy.
Gold is currently trading at 2860. Yes, it should not break above 2870 before a pull back