📣Gold News
Gold prices edged higher during the North American trading session as investors turned their attention to the upcoming U.S. non-farm payrolls report (NFP), which could influence the Fed's next policy move.
The latest labor data showed that companies are pausing hiring rather than laying off employees, reflecting caution in an uncertain economic environment. Meanwhile, Microsoft's decision to lay off 9,000 employees has heightened concerns about a weak labor market.
Traders are currently awaiting the official employment report from the U.S. Bureau of Labor Statistics on Thursday, which is expected to show 110,000 new jobs in June, down from 139,000 in May. The unemployment rate is expected to rise slightly to 4.3%, still within the 4.4% range of its forecast according to the Fed's latest summary of economic projections.
📣 Technical Analysis
NF is worth buying before the news release, holding. The dollar continues to be under selling pressure from investors worried about the Trump administration's erratic tariff policy.
💰Set Gold Price:
💰Sell Gold Zone: 3390-3398 SL 3405
TP1: 3380 USD
TP2: 3363 USD
TP3: 3350 USD
💰Buy Gold Zone: 3296-3294 USD SL 3289 USD
TP1: 3308 USD
TP2: 3318 USD
TP3: 3330 USD
⭐️Technical Analysis:
Set reasonable buy orders based on technical indicators EMA 34, EMA89 and support and resistance areas.
Within the framework of controllable risks, we will continue to create safe and reliable value growth for trust. Free trading signals ☛t.me/+arTT14Fe44tkMzAx
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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.
Within the framework of controllable risks, we will continue to create safe and reliable value growth for trust. Free trading signals ☛t.me/+arTT14Fe44tkMzAx
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.