🔽Gold prices rose on Wednesday (December 4), after data showed the number of jobs created by the US private sector increased at a moderate pace last month, ahead of a speech by the US Federal Reserve Chairman Jerome Powell later in the day and the official jobs report on December 6.
🔽The ADP report showed that the US private sector created 146,000 jobs last month, slightly lower than the forecast of 150,000 jobs increase from economists participating in a Reuters poll.
🔽Gold is seeing a weak reaction today, with a stronger-than-expected impact from the upcoming official US jobs report and if the data shows a weakening number of jobs, that will support gold prices.
🔽Gold seems to be finding strong resistance at 2630
Note: Currently Gold is completely following fundamental news Especially US economic news! Bad News Gold Rises! Good News Gold is down
🔽Currently, Gold has broken 2655 and has a Closed closing level around 2650 and is the second consecutive day that Gold has closed higher than the previous day, so today Kevin will prioritize following Buy Gold
🥰Trading plan:
🔼 Buy Gold: 2636x – 2634x
SL: 2630
Tp: 2644 - 2653 – 2688 – 2720
🔽 Sell Gold: 2663x – 2665x
SL: 2668
TP: 2678- 2665
🫶Note: Set SL tightly for each order, the financial market is full of risks, if you do not set SL, do not place an order.
🫶Wishing everyone a happy and joyful Thursday 🫶