.Jobs market cools down as Non Farm Payrolls added jobs less than expected.
Jobs market cools down as Non Farm Payrolls added jobs less than expected. Gold loses initial gains and plunges to $2411 before crawling back to $2430.
Support shifts base to $2410-$2400 Uptrend needs strong break through $2435 Despite disappointing Jobs report numbers, Gold sheds initial gains and tumbled to $2411, smashing through $2435-$2430 horizontal demand zone as also 4 hourly 50 EMA $2417 and 100 SMA $2415 before consolidating its weak recovery towards support-turned resistance area $2430 From here, Gold needs to clear through $2430-$2435 and next challenge is overhead resistance at $2444 which needs to be reclaimed for resumption of...
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