Will The Surprised NFP Job Reports Drag Gold's Price Down?
Positive data came from NFP for the month of March. While Economists forecast a rise by 647,000, instead it jumped 916,000. Not only that, the unemployment rate also dropped to 6%. These report alone should drag gold down while the dollar index suppose to rally up. However, gold ended bullish.
Looking ahead, gold temporally has bottom-out at 1675 and likely to make short rally up towards 1800. Gold still have a long way to go above 1800 as price most likely will re-test the low 1700 (or below)
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Looking ahead, gold temporally has bottom-out at 1675 and likely to make short rally up towards 1800. Gold still have a long way to go above 1800 as price most likely will re-test the low 1700 (or below)
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...
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-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
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