XAUUSD - Forecast 1 week strong increase, should buy or sell?
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Thus, today's gold price has started more clearly when it has increased by 8 USD/ounce compared to the early hours of the morning. Experts believe that the gold price will soon recover and have more opportunities to develop when the new data released for the US economy is weakening.
Nonfarm payrolls increased by 187,000 in July, but still below the previous forecast of 205,000, according to data from US Labor Statistics. These not-so-optimistic figures have ended investors bringing capital flows to the gold market to hedge risks.
Upcoming data to be released soon will determine the market trend in the near term. If the share is controlled, the price of gold will soar.
Nonfarm payrolls increased by 187,000 in July, but still below the previous forecast of 205,000, according to data from US Labor Statistics. These not-so-optimistic figures have ended investors bringing capital flows to the gold market to hedge risks.
Upcoming data to be released soon will determine the market trend in the near term. If the share is controlled, the price of gold will soar.
Note
BUY XAUUSD 1938 - 1940🔥🔥TP1 ✔️ 1946
TP2 ✔️ 1952
SL ❌ 1932
Note
Running +15Pips ✔️Note
If the US CPI is about to release a drop, indicating that usage is under control, that should help gold prices rise.
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