Today on Gold: XAUUSD
Today’s Projections for XAU/USD in the New York Session:
If today’s ADP Non-Farm Employment data comes out stronger than anticipated, expect a possible bearish trend in XAU/USD as the dollar strengthens. Conversely, a weaker-than-expected report could drive gold prices higher, suggesting a bullish trend for XAU/USD during the New York session.
Additionally, market reaction can sometimes be subdued if traders await the official Non-Farm Payrolls report released later in the week.
If today’s ADP Non-Farm Employment data comes out stronger than anticipated, expect a possible bearish trend in XAU/USD as the dollar strengthens. Conversely, a weaker-than-expected report could drive gold prices higher, suggesting a bullish trend for XAU/USD during the New York session.
Additionally, market reaction can sometimes be subdued if traders await the official Non-Farm Payrolls report released later in the week.
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