looks like the weak NFP numbers came in softer than expected, and gold (XAU/USD) reacted bullishly just as anticipated.
Dollar weakness on the back of the softer labor data boosted demand for gold.
Gold surged above resistance at $3,578, confirming the breakout scenario we mapped.
Market sentiment now favors a continuation toward the $3,600+ zone, unless profit-taking slows momentum.
Dollar weakness on the back of the softer labor data boosted demand for gold.
Gold surged above resistance at $3,578, confirming the breakout scenario we mapped.
Market sentiment now favors a continuation toward the $3,600+ zone, unless profit-taking slows momentum.
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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.