XAU fell sharply ahead of the European session on Friday following news (NFP) of , that employment in the month far exceeded market expectations, which suggests that the FED could cut interest rates ahead of schedule.
In short, the gold market is currently facing a complex backdrop shaped by economic data, Fed interest rate expectations and geopolitical concerns. Investors are closely monitoring these factors to better understand future gold price movements.
In short, the gold market is currently facing a complex backdrop shaped by economic data, Fed interest rate expectations and geopolitical concerns. Investors are closely monitoring these factors to better understand future gold price movements.
Note
XAU SELL 2002TP1: 1990
TP2: 1980
SL: 2012
Note
running 50 pipsNote
running + 90 pipsNote
Hit TP1 120 pipsNote
Hit TP 2 + 220 PIPS
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.