NFP Impacts on XAU/USD Prediction (December 6, 2024)

nfp impact on xauusd

Gold (XAU/USD) is trading at a crucial juncture, hovering near $2,629 ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report. This economic indicator, set to be released today, holds significant influence over the markets. The NFP is expected to show a strong recovery, with forecasts pointing to 200,000 new jobs in November, rebounding from […]

XAU/USD (December 5, 2024): Consolidation Phase

Gold (XAU/USD) is trading in a consolidation phase near critical levels, reflecting a tug-of-war between buyers and sellers. The current price action indicates uncertainty, with the market awaiting a decisive breakout to establish a clear direction. In this article, we analyze the XAU/USD price movements across hourly, 4-hour, and daily timeframes. This comprehensive breakdown covers; […]

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