GOLD NFP MOVEMENT AND FORECAST
As based on the recent Non-Farm Payroll data which came 678k which is 211K more then last month's data and around 271k more then forecast which make the economic condition of US strong as a result we can possibly see bullish trend in US dominated currency pairs although on the other hand the situation between Ukraine and Russian is getting worse which is giving a direct fuel to the prices of commodities like GOLD which can be seen always inverse from USD while these fundamental movements stretching out the market we can catch sight of consolidating movements with momentary spike in GOLD prices. As the technical Indicating strong Buy for GOLD however Fundamentals are opposing the same while following the nearest resistance of around 1949 and support of 1943.
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