Is NFP non-agricultural data good or bad for gold?

1. Aug.

At the beginning of the Asian session on August 1, spot gold fluctuated in a narrow range and is currently trading around $2,436/ounce. Gold prices rose by nearly $40 on Wednesday.

The interest rate remained unchanged in yesterday's Federal Reserve meeting, which was in line with market expectations. Powell's speech later gave news of a possible interest rate cut in September and the increasingly tense situation in the Middle East. Gold prices will face new large fluctuations.
The upcoming non-agricultural data will surely attract a large number of gold investors.

Do you think this wave of gold is good or bad?

Welcome everyone to actively discuss

1. Aug.

Anmerkung

Traders, if you like this idea or you have your own opinion on this, please write it in the comments. I will be happy to support me by liking and commenting to motivate me to share more analysis with you and share with me your opinion on the possible trend of this chart

1. Aug.

Anmerkung

What do you think about the Super Golden Week?

Welcome to comment

2. Aug.

Anmerkung

The value before the data was released was 20.6, the forecast index was 17.5, and the published index was 11.4. Gold is bullish and is expected to reach a historical high.