Gold and Nonfarm Payrolls

Gold and Nonfarm Payrolls

Gold and Nonfarm Payrolls

XAUUSD:

The ounce of gold, which has been in a horizontal motion since the beginning of the week, is today announced by the US Non-Farm Employment data as 194K, which is well below the expectations, and the declines in the dollar index are moving the ounce of gold upwards. If the upside continues, the price may test the 1814 and 1830 levels if it breaks the 1799 resistance level. However, in possible downtrends, the price may decline to 1747 – 1724v and 1704 support levels.

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