Xauusd:Non-farm payrolls data will choose the direction

The number of people applying for unemployment benefits announced yesterday rose to 220,000 at the beginning of the week ended December 2, slightly lower than the expected 222,000.The number of people renewing unemployment benefits in the United States fell to 1.86 million in the week ended November 25, the largest decline since July and the second decline since early September.
The number of layoffs in challenger companies increased by 45,500, much higher than the previous value of 36,800.

These signs all show that the decline in the US labor market is obvious, and it also provides confidence for the Fed to end interest rate increases, but it still needs today's important non-farm payrolls data to be truly determined.

Judging from the chart, gold has been fluctuating within the range I reminded for the past two days, indicating that gold is also waiting for today's data to choose the direction.

If today's non-farm payrolls data is good for gold and gold breaks through 2040, you need to pay attention to the resistance of 2050-2060.

If today's non-farm payrolls data is unfavorable for gold, gold may fall below 2010 again

Today's data will determine the direction of gold. Today is already Friday. Cautious traders can wait for the data to be released or follow the trend next week before trading.

If you are trading now, continue to observe the 2020-2040 range volatility and strictly set the stop loss, so that your success rate will be greatly increased

If you don't know how to trade, join me and let us learn together to improve the success rate

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The data is unfavorable for gold, and it has fallen now. Those who are profitable can choose to reduce their positions now to make a profit.

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This week's forecast is basically correct

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Have a nice weekend