NFP
The US dollar is losing ground this morning, seemingly taking a defensive stance as markets brace for today's NFP release.
-Gold, while still holding its broader bullish bias, appears to be taking a breather ,pulling back modestly after its recent run rather than extending gains.
- The euro is a different story, with EURUSD showing strong and convincing upside drive that stands in contrast to the more cautious tone elsewhere.
- Bitcoin, meanwhile, has cooled off noticeably , investors seem to be stepping back and trimming exposure as they wait for the payrolls data to land before making any bold moves.
XAUUSD
Currently, gold requires either a weak US labor report or a more serious geopolitical deterioration to trigger another leg higher. Key support sits at 4,680, with resistance at 4,750. Bias: Consolidating.
EURUSD
However, a stronger-than-expected US report could place renewed downward pressure on the pair. Key support is seen at 1.17200, with resistance at 1.17500. Bias: Bullish.
BTC
If payrolls disappoint and the USD weakens, Bitcoin could quickly regain upward momentum. Key support lies at 79,200, with resistance at 81,000. Bias: Downward.
XAUUSD
Currently, gold requires either a weak US labor report or a more serious geopolitical deterioration to trigger another leg higher. Key support sits at 4,680, with resistance at 4,750. Bias: Consolidating.
EURUSD
However, a stronger-than-expected US report could place renewed downward pressure on the pair. Key support is seen at 1.17200, with resistance at 1.17500. Bias: Bullish.
BTC
If payrolls disappoint and the USD weakens, Bitcoin could quickly regain upward momentum. Key support lies at 79,200, with resistance at 81,000. Bias: Downward.
Bro the title of your thread is misleading, I thought the thread was about posting historical NFP data
Bro the title of your thread is misleading, I thought the thread was about posting historical NFP data
Got it, appreciate the feedback bro.
Sorry if the title threw you off .
The thread is about possible direction we could get from NFP direction.