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Technical analysis by TheApolloo about Symbol PAXG on 6/4/2024

https://sahmeto.com/message/3364200
TheApolloo
TheApolloo
Rank: 1975
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،Technical،TheApolloo

XAUUSD 🌘Gold buyers trying with 2346 Support level which is in the past used as support and resistance level. 🟣Gold goes up past week because of GDP and Unemployment calims weak datas. 🔵The expectation todays JOLTs Job Openings from 8.488 decrease to 8.350 also JOLTs Job Quits 3.329 decrease to 3.200. 🟡Decrease more than forcast Job Openings could effect to Consumer Confidence and Wage growth and Disposable Income. 🟢By the way Investors should consider to Quit job data because downtrend in Quit job shows doubt in the labor market. ⚪Weaker conditions in the labor market may push FED to take less Hawkish stance on Intrest Rates. 🔶 Supoort levels: 2331 , 2321 💤Weak rsistance: 2339 🔷Resistance level: 2346Sellers attention on todays PMI and NFP data. . So we are waiting for 2321$ now price struggling with this resistance analysts forcast is 173k for NFP and for PMI is 54.8 my idea is datas should be good for USD.

Translated from: English
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Signal Type: Neutral
Time Frame:
4 hours
Price at Publish Time:
$2,341.15
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