XAUUSD(GOLD)-07/07/2023
Preferred direction: BUY
Comment: Despite yesterday's drawdown amid very optimistic data on the US labor market, the metal retains its bullish potential. Today we are waiting for the final results. If the data is as positive as it was previously stated by the agencies, then even in this case the dollar will weaken, since yesterday, most likely, the buyers have already worked everything out. In the case of not so positive data, the dollar runs the risk of sinking very much.
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Comment: Despite yesterday's drawdown amid very optimistic data on the US labor market, the metal retains its bullish potential. Today we are waiting for the final results. If the data is as positive as it was previously stated by the agencies, then even in this case the dollar will weaken, since yesterday, most likely, the buyers have already worked everything out. In the case of not so positive data, the dollar runs the risk of sinking very much.
Thank you for like and share your views!
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