XAU/USD for Intraday Friday 08 Jul 2022
DO NOT TRADE TODAY ON FRIDAY 08 JUL 2022 " NO ANALYSIS" I AM CLUELESS There is something wrong went in the charts. As there is an inside war going between Candle stick patterns, Indicators, momentum etc etc everything is in conflict with each other. Basically there is no synchronized movement that can lead to a work plan.
FXStreet
Several factors could be coming into play to weaken gold’s correlation with NFP surprises. A few hours after the NFP release on Friday, investors could look to book their profits toward the London fix, causing gold to reverse its direction after the initial reaction. Additionally, FOMC policymakers made it clear that they will remain focused on taming inflation and that they are not concerned about the labour market, possibly causing the market reaction to the headline NFP to remain short-lived.