The market is closely watching the upcoming U.S. Nonfarm Payrolls (NFP) report, scheduled for release today at 12:30 GMT
NFP Expectations & Market Impact
Forecast: 100,000 new jobs in April, down from 228,000 in March.
Unemployment Rate: Expected to remain at 4.2%.
A weaker-than-expected NFP report could bolster gold prices, as it may increase expectations for Federal Reserve rate cuts. Conversely, a stronger report might pressure gold lower due to potential rate hike considerations.Gold's price movement today is likely to be influenced significantly by the NFP report. Traders should watch for a breakout above $3,262 for potential bullish momentum
Buy trade
probably NFP data is weaker than expected, consider long positions above $3,262, targeting $3,276 and $3,295.
After NFP price to market it will going down again to 3200-3150 zone in next week .main trend is now bearish
NFP Expectations & Market Impact
Forecast: 100,000 new jobs in April, down from 228,000 in March.
Unemployment Rate: Expected to remain at 4.2%.
A weaker-than-expected NFP report could bolster gold prices, as it may increase expectations for Federal Reserve rate cuts. Conversely, a stronger report might pressure gold lower due to potential rate hike considerations.Gold's price movement today is likely to be influenced significantly by the NFP report. Traders should watch for a breakout above $3,262 for potential bullish momentum
Buy trade
probably NFP data is weaker than expected, consider long positions above $3,262, targeting $3,276 and $3,295.
After NFP price to market it will going down again to 3200-3150 zone in next week .main trend is now bearish
Ordine annullato
Gold not break 3262 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.