- XAU/USD is still in bearish territory for the week after draining from $1,850.
The US NFP firmly beat market expectations, sending risk appetite into the ceiling for Friday.
- Gold spot prices have climbed into $1,833.00 in late Friday trading after a bumper US Non-Farm Payrolls (NFP) printing, and risk-on market flows are sending XAU/USD bids into fresh highs despite still remaining notably lower than Monday's opening prices.
- The US economy added an unexpected 26K jobs to the employment landscape, handily beating the forecast 170K and rising even further from the previous reading of 227K, which was revised upwards from 178K.
-Market sentiment has pinned firmly bullish following the NFP beat, taking XAU/USD back up the charts after most of the week saw spot Gold prices firmly on the low end.
- Psychology, discipline and capital management are the three factors that make victory possible.
The US NFP firmly beat market expectations, sending risk appetite into the ceiling for Friday.
- Gold spot prices have climbed into $1,833.00 in late Friday trading after a bumper US Non-Farm Payrolls (NFP) printing, and risk-on market flows are sending XAU/USD bids into fresh highs despite still remaining notably lower than Monday's opening prices.
- The US economy added an unexpected 26K jobs to the employment landscape, handily beating the forecast 170K and rising even further from the previous reading of 227K, which was revised upwards from 178K.
-Market sentiment has pinned firmly bullish following the NFP beat, taking XAU/USD back up the charts after most of the week saw spot Gold prices firmly on the low end.
- Psychology, discipline and capital management are the three factors that make victory possible.
Trade active
Comment:
Tensions erupted in the Israel vs Palestine conflict puts a geopolitical crisis on an explosive situation, which is certain to trigger panic demand for safe-haven buying in gold. The rally is likely to reach $1927 in a quick chase
Trade active
Trade closed: target reached
Comment:
Israel-Palestine conflict peaked, gold increased slightly
Comment:
