ADP - Market is concerned about Gold Price
Some signs of recovery in the US manufacturing sector and construction spending boosted the dollar, as markets worried that the resilience of the US economy would give the Fed enough room to keep increasing. interest rate.
This concept has influenced the price of gold and most other metals, which can be lost in a higher interest rate environment.
The dollar's strength was also boosted by anxiety ahead of key US nonfarm payrolls data on Friday, which kept traders away from non-yielding assets like gold.
SELL XAUUSD zone 1958 - 1960
Stop Loss : 1967
Take Profit 1: 1952
Take Profit 2: 1945
Take Profit 3: 1935
Note: Installing TP SL fully wins the market and is safe in trading
This concept has influenced the price of gold and most other metals, which can be lost in a higher interest rate environment.
The dollar's strength was also boosted by anxiety ahead of key US nonfarm payrolls data on Friday, which kept traders away from non-yielding assets like gold.
SELL XAUUSD zone 1958 - 1960
Stop Loss : 1967
Take Profit 1: 1952
Take Profit 2: 1945
Take Profit 3: 1935
Note: Installing TP SL fully wins the market and is safe in trading
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