GOLD: Be careful, It's More Complex Than it Seems
After the NFP data came in at 73k vs. the expected 110k, the market reacted aggressively to the US dollar. Today, the US dollar was affected on two fronts.
One was the NFP data and the other was the mess that President Trump is creating with his tariffs against many countries. Uncertainty regarding the future impact of the tariffs remains high and unknown.
After the NFP data GOLD reacted aggressively against the US dollar by breaking easily two small structural areas towards 3315 and 3334. A possible correction is expected before gold moves further to 3370; 3400 and 3400, as shown in the chart.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
After the NFP data came in at 73k vs. the expected 110k, the market reacted aggressively to the US dollar. Today, the US dollar was affected on two fronts.
One was the NFP data and the other was the mess that President Trump is creating with his tariffs against many countries. Uncertainty regarding the future impact of the tariffs remains high and unknown.
After the NFP data GOLD reacted aggressively against the US dollar by breaking easily two small structural areas towards 3315 and 3334. A possible correction is expected before gold moves further to 3370; 3400 and 3400, as shown in the chart.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
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.