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Gold Drops $100 on NFP Data!

Name: Gold Drops $100 on NFP Data!
Uploaded: 2023-02-06
Channel: David Kindley
Description: The dollar was boosted on Friday as NFP and PMI data exceeded expectations.Gold dropped below the $1900 level as the sell-off erased recent gains.With Jerome Powell giving a speech this week regarding the next move for the Fed, will a retracement ens

By David Kindley On Feb 6, 2023 110 0

The dollar was boosted on Friday as NFP and PMI data exceeded expectations.

Gold dropped below the $1900 level as the sell-off erased recent gains.

With Jerome Powell giving a speech this week regarding the next move for the Fed, will a retracement ensue, or will the yellow metal drop even further?

Timestamps
XAUUSD 01:35
DXY 03:05

David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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