Hello traders!
Gold is currently hovering around $3,330 after Friday’s Non-Farm Payrolls (NFP) report came in stronger than expected, showing 147,000 new jobs — higher than both the previous reading (139,000) and forecasts (110,000). This pushed the US dollar slightly higher, placing temporary pressure on gold’s upside momentum.
However, broader market factors still support gold’s long-term bullish outlook. Concerns over US fiscal sustainability, continued central bank gold buying, and global growth fears remain key drivers for safe-haven demand.
Technically, gold continues to hold above the key support zone near $3,325, preserving its bullish structure. As long as this level holds, the upward trend remains valid.
👉 What’s your take after the latest NFP report? Will gold keep rising — or is a pullback on the way?
Gold is currently hovering around $3,330 after Friday’s Non-Farm Payrolls (NFP) report came in stronger than expected, showing 147,000 new jobs — higher than both the previous reading (139,000) and forecasts (110,000). This pushed the US dollar slightly higher, placing temporary pressure on gold’s upside momentum.
However, broader market factors still support gold’s long-term bullish outlook. Concerns over US fiscal sustainability, continued central bank gold buying, and global growth fears remain key drivers for safe-haven demand.
Technically, gold continues to hold above the key support zone near $3,325, preserving its bullish structure. As long as this level holds, the upward trend remains valid.
👉 What’s your take after the latest NFP report? Will gold keep rising — or is a pullback on the way?
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Related publications
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.