GOLD is declining in falling channel pattern however seems to be taking support at the marked trendline.
US Employment data came just in where number of jobs added was better than expectations which would mean a stronger labour market and inflation might stay elevated which is good for GOLD/SILVER due to safe haven demand in the long term.
Keep an eye on GOLD prices.
US Employment data came just in where number of jobs added was better than expectations which would mean a stronger labour market and inflation might stay elevated which is good for GOLD/SILVER due to safe haven demand in the long term.
Keep an eye on GOLD prices.
Trade closed: target reached
Gold gave good breakout and is still positive
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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.