π§ Gold a chance to continue increases
π§ Friday brought a cooling of the positive sentiment on gold following the US unemployment data.
π§ 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%.
π§ This caused the dollar to react sharply towards appreciation.
π§ 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.
π§ Looking technically, we have landed on a support level near $1936.
π§ So far, there is no indication that this uptrend will end in the near future.
π§ I am currently bullish on the upward trend of the gold price in the future
π If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile π
π§ Friday brought a cooling of the positive sentiment on gold following the US unemployment data.
π§ 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%.
π§ This caused the dollar to react sharply towards appreciation.
π§ 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.
π§ Looking technically, we have landed on a support level near $1936.
π§ So far, there is no indication that this uptrend will end in the near future.
π§ I am currently bullish on the upward trend of the gold price in the future
π If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile π
π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«
π² To keep up to date with all my activities I invite you to visit my Telegram π²
π² www.t.me/Investmatez π²
π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«
π² To keep up to date with all my activities I invite you to visit my Telegram π²
π² www.t.me/Investmatez π²
π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«π«