simonsays452

Still waiting for gold's reaction to NFP

FX_IDC:XAUUSD   Gold / U.S. Dollar
53 1 3
Wage inflation data came in weak. We saw a test of the recent bullish trend support @ 1250. We'll need confirmation that it will in fact, hold. I was looking for 1240 to enter long. Still sitting and waiting.
Why the NFP is bearish to Gold, it does not go down. In my opinion, the Gold has climb up too much recently, the bearish NFP will heat it a lot.
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