Gold : Buyers need weak data from USA

4 Jun 2024

XAUUSD

🌘Gold buyers trying with 2346 Support level which is in the past used as support and resistance level.


🟣Gold goes up past week because of GDP and Unemployment calims weak datas.



🔵The expectation todays JOLTs Job Openings from 8.488 decrease to 8.350 also
JOLTs Job Quits 3.329 decrease to 3.200.


🟡Decrease more than forcast Job Openings could effect to Consumer Confidence and Wage growth and Disposable Income.


🟢By the way Investors should consider to Quit job data because downtrend in Quit job
shows doubt in the labor market.


⚪Weaker conditions in the labor market may push FED to take less Hawkish stance on Intrest Rates.


🔶 Supoort levels: 2331 , 2321 💤Weak rsistance: 2339 🔷Resistance level: 2346

5 Jun 2024

Catatan

Sellers attention on todays PMI and NFP data.
.
So we are waiting for 2321$ now price struggling with this resistance
analysts forcast is 173k for NFP and for PMI is 54.8
my idea is datas should be good for USD.