GOLD NFP Effect will be Bearish?

٤ أغسطس ٢٠٢٣

For all the fast weeks we were strictly on sell & assuming that it was the final bearish move but wait a minute as it did not ended yet. Today we have a NFP with a -1k forecast whereas my expectation of 200k Result on NFP which is highly positive. As based on my calculations on NFP i am believing a +ve NFP & in order to talk about its effect on GOLD then i can say the BEARISH IMPULSIVE move in GOLD today which will lead us back to lower as well as stronger support area.
Our targeted area is approx 1917 which looks strong & might gold pullback a little from there.
This is my view on NFP & about GOLD weakness.