Gold Analysis Friday 4 November
Thursday Gold performance:
Gold opened at $1635, made high at $1641, and low at $1616. Gold closed at $1629, $6 less than Wednesday's Closing.
Today gold opened at $1639. Support is at $1622 and Resistance is at $1658. Trend is almost positive and volatile.
Fundamental events according to Pakistan Time
05:30 PM, USA average hourly earnings, Unemployment rate and nonfarm employment change.
USA average hourly earnings, Previous 0.3% and market expectation 0.3%.
Nonfarm employment change, previous 263,000 and market expectation 205,000.
Unemployment rate, previous 3.5%, and the market expectation is 3.6%.
Let's see data will come good for US dollar or good for gold. Today gold will pump or dump according to the news. Because today is NFP and this is high impact news. From NFP news gold go move fast up or down according to the data.
Thursday Gold performance:
Gold opened at $1635, made high at $1641, and low at $1616. Gold closed at $1629, $6 less than Wednesday's Closing.
Today gold opened at $1639. Support is at $1622 and Resistance is at $1658. Trend is almost positive and volatile.
Fundamental events according to Pakistan Time
05:30 PM, USA average hourly earnings, Unemployment rate and nonfarm employment change.
USA average hourly earnings, Previous 0.3% and market expectation 0.3%.
Nonfarm employment change, previous 263,000 and market expectation 205,000.
Unemployment rate, previous 3.5%, and the market expectation is 3.6%.
Let's see data will come good for US dollar or good for gold. Today gold will pump or dump according to the news. Because today is NFP and this is high impact news. From NFP news gold go move fast up or down according to the data.