Related Information:!!! ( XAU / USD )
Data released by the US Department of Labor showed that initial unemployment claims declined to 227,000 for the week ending February 7. While the figure came in slightly above market expectations of 222,000, it marked an improvement from the prior week’s revised reading of 232,000. At the same time, continuing claims increased to 1.862 million for the week ending January 31, underscoring persistent structural softness in the US labor market observed over the past year.
These mixed labor signals have helped underpin the US Dollar while simultaneously renewing investor interest in gold, as lingering employment fragilities continue to support demand for safe-haven assets.
personal opinion:!!!
Gold prices are consolidating below 4985, awaiting CPI news which is under selling pressure at the end of the week, and CPI and DXY data are recovering.
Important price zone to consider : !!!
Resistance zone point: 4985, 5040 zone
Support zone point : 4944 , 4890 zone
Follow us for the most accurate gold price trends.
Data released by the US Department of Labor showed that initial unemployment claims declined to 227,000 for the week ending February 7. While the figure came in slightly above market expectations of 222,000, it marked an improvement from the prior week’s revised reading of 232,000. At the same time, continuing claims increased to 1.862 million for the week ending January 31, underscoring persistent structural softness in the US labor market observed over the past year.
These mixed labor signals have helped underpin the US Dollar while simultaneously renewing investor interest in gold, as lingering employment fragilities continue to support demand for safe-haven assets.
personal opinion:!!!
Gold prices are consolidating below 4985, awaiting CPI news which is under selling pressure at the end of the week, and CPI and DXY data are recovering.
Important price zone to consider : !!!
Resistance zone point: 4985, 5040 zone
Support zone point : 4944 , 4890 zone
Follow us for the most accurate gold price trends.
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Gold rebounded as weak CPI data weighed on the USD, while the market continues to consolidate.
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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.