According to some analysts, if the dollar finds some momentum, it could make investors profit on bullish gold bets. "It looks like the USD is trying to establish a short-term uptrend on the daily chart while June gold looks a bit precarious. However, we've seen this story before and it usually ends. with the greenback falling and gold rising," said Darin Newsom, senior market analyst at Barchart.com.
The future of the dollar and gold will likely be determined by a number of reports next week, including the March nonfarm payrolls report this Friday. Despite growing recession fears, the US labor market remains resilient as the number of jobs created in March rose relatively in line with expectations.
Today you should only Scalp
XAUUSD
BUY 1931-1933
TP1: 1935
TP2: 1938
SL: 1928
XAUUSD
SELL 1940 - 1942
TP1: 1937
TP2: 1935
SL: 1945
The future of the dollar and gold will likely be determined by a number of reports next week, including the March nonfarm payrolls report this Friday. Despite growing recession fears, the US labor market remains resilient as the number of jobs created in March rose relatively in line with expectations.
Today you should only Scalp
XAUUSD
BUY 1931-1933 TP1: 1935
TP2: 1938
SL: 1928
XAUUSD
SELL 1940 - 1942 TP1: 1937
TP2: 1935
SL: 1945
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Due to the US in the Easter holiday, limited investors and traders will have to wait until the market is open to cooperate. Photo is on the same page. Although the commodity market is closed, the market currency is still active. According to Director of Currency Strategy Adam Button at Forexlive.com, in market conditions with poor account calculations, the USD has moved higher in response to personal reports, which is also what you are feeling. .
