The US June nonfarm payrolls data is out: 147,000 jobs were added, exceeding the expected 106,000 and the previous 139,000, with slight upward revisions to the prior two months’ figures. The unemployment rate dipped from 4.2% to 4.1%, beating the forecast of 4.3%. While the US economy slows, the job market remains robust. 🌟
Post-data release, market bets on a July rate cut have evaporated, with the probability of a September cut dropping to around 75%. US stock futures extended gains, Treasury yields rose across the board, the US Dollar Index surged, and gold plunged nearly $40 in a short squeeze—signaling an unexpected major bearish hit to gold. Weng Fuhao advises trading with the trend, focusing on shorting on rebounds. 😲
Gold, jolted by the nonfarm data, slid sharply in the short term before a minor rebound, with bearish signals across all timeframes. The data triggered an immediate breakdown, shifting the short-term trend to downward: on the 3-hour chart, moving averages formed a death cross, MACD showed a death cross with expanding volume, and gold prices fell below the Bollinger Band lower track, confirming a clear bearish momentum. 📉
🚀 Sell3355 - 3345
🚀 TP 3335 - 3325 - 3315
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
Post-data release, market bets on a July rate cut have evaporated, with the probability of a September cut dropping to around 75%. US stock futures extended gains, Treasury yields rose across the board, the US Dollar Index surged, and gold plunged nearly $40 in a short squeeze—signaling an unexpected major bearish hit to gold. Weng Fuhao advises trading with the trend, focusing on shorting on rebounds. 😲
Gold, jolted by the nonfarm data, slid sharply in the short term before a minor rebound, with bearish signals across all timeframes. The data triggered an immediate breakdown, shifting the short-term trend to downward: on the 3-hour chart, moving averages formed a death cross, MACD showed a death cross with expanding volume, and gold prices fell below the Bollinger Band lower track, confirming a clear bearish momentum. 📉
🚀 Sell3355 - 3345
🚀 TP 3335 - 3325 - 3315
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
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Today, we successfully went short around the 3345 level
📈Daily Free Trading Signals：t.me/+HXsu5PoOpi4yNGVk
📊Daily Free Market Analysis：t.me/+HXsu5PoOpi4yNGVk
📊Daily Free Market Analysis：t.me/+HXsu5PoOpi4yNGVk
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📈Daily Free Trading Signals：t.me/+HXsu5PoOpi4yNGVk
📊Daily Free Market Analysis：t.me/+HXsu5PoOpi4yNGVk
📊Daily Free Market Analysis：t.me/+HXsu5PoOpi4yNGVk
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.