🧈 Gold a chance to continue increases
🧈 Friday brought a cooling of the positive sentiment on gold following the US unemployment data.
🧈 After yesterday's U.S. unemployment data, we saw that unemployment rose by 0.3% to 3.8%, while the market expected unemployment to remain at the current level of 3.5%.
🧈 This caused the dollar to react sharply towards appreciation.
🧈 As for now, the prospect of rising/maintaining high inflation in the United States and the imminent prospect of an interest rate cut is causing a flight of capital to gold. Which in the current situation is the ideal option for investors in the prospect of appreciation.
🧈 Looking technically, we have landed on a support level near $1936.
🧈 So far, there is no indication that this uptrend will end in the near future.
🧈 I am currently bullish on the upward trend of the gold price in the future
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile 🚀
🧈 Friday brought a cooling of the positive sentiment on gold following the US unemployment data.
🧈 After yesterday's U.S. unemployment data, we saw that unemployment rose by 0.3% to 3.8%, while the market expected unemployment to remain at the current level of 3.5%.
🧈 This caused the dollar to react sharply towards appreciation.
🧈 As for now, the prospect of rising/maintaining high inflation in the United States and the imminent prospect of an interest rate cut is causing a flight of capital to gold. Which in the current situation is the ideal option for investors in the prospect of appreciation.
🧈 Looking technically, we have landed on a support level near $1936.
🧈 So far, there is no indication that this uptrend will end in the near future.
🧈 I am currently bullish on the upward trend of the gold price in the future
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile 🚀
🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 www.t.me/Investmatez 💲
🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 www.t.me/Investmatez 💲
🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫