GOLD LONG IDEA AT BOTTOM 1400PIPS IN NONFARM
BUY GOLD 3314 +900PIPS
BUY GOLD 3344 +500PIPS
📊 Today’s Non-Farm Payrolls (NFP) – USD
Average Hourly Earnings m/m:
✅ 0.3% (same as forecast and previous).
→ Wage growth is steady, no extra inflation pressure.
Non-Farm Employment Change:
❌ Actual: 22K vs Forecast: 75K vs Previous: 79K
→ Job creation has fallen sharply, showing slowdown in the US economy.
Unemployment Rate:
✅ Actual: 4.3% (as expected, higher than 4.2% previous).
→ Labour market conditions are getting weaker, unemployment rising.
🔎 Market Impact
US Dollar (USD):
Weak NFP data is negative for the dollar.
Higher unemployment increases chances of the Fed cutting rates earlier.
Gold (XAU/USD):
Positive for gold: Weak USD supports higher gold prices.
If the Fed turns dovish, safe-haven demand for gold will strengthen.
Gold may gain strong momentum on expectations of rate cuts.
Equities:
Wage inflation is stable, so no fresh inflation worries.
Equity markets may take it positively as Fed could soften policy.
📌 Key Takeaway
NFP weak → Bearish USD
Gold bullish, upside momentum possible
EUR, GBP likely to gain on USD weakness
Equities may stay supported
