looks like the weak NFP numbers came in softer than expected, and gold (XAU/USD) reacted bullishly just as anticipated.
Dollar weakness on the back of the softer labor data boosted demand for gold.
Gold surged above resistance at $3,578, confirming the breakout scenario we mapped.
Market sentiment now favors a continuation toward the $3,600+ zone, unless profit-taking slows momentum.
Dollar weakness on the back of the softer labor data boosted demand for gold.
Gold surged above resistance at $3,578, confirming the breakout scenario we mapped.
Market sentiment now favors a continuation toward the $3,600+ zone, unless profit-taking slows momentum.
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