Gold Analysis – 05.Jul.2024

Gold Analysis – 05.Jul.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: As expected, with the actual NFP figure exceeding the forecast, we saw an initial drop in gold prices. Gold fell from $2369 to $2349, hitting our first target with a 200-pip drop right after the news was released. However, given the mixed data, gold quickly recovered and even surged to $2376.Currently, gold is trading around $2374. We need to observe if the price will be rejected from this area again. I hope you found today’s technical and fundamental analysis insightful and beneficial!
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Author : Arman Shaban
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