NFP Friday: will gold set a new all-time high?
📅 Friday, 7 March, 1:30 PM UTC
The U.S. Bureau of Labor Statistics will release the Nonfarm Payrolls (NFP) report, revealing key insights into the U.S. job market.
Expected figures:
🔹 160K jobs added in February
🔹 4.1% annual wage growth.
💡 Why it matters:
This report influences USD-related pairs, especially XAUUSD.
A strong NFP could pull gold down, while weak data may push it higher.
📊 Trading Idea
Gold is in an uptrend—look for buying opportunities:
🔹 Buy-limit orders if gold dips on strong NFP.
🔹 Buy-stop orders if gold rallies on weak NFP.
📈 Key Levels to Monitor
🔹 Support: 2,914, 2,900, 2,882
🔹 Resistance: 2,932, 2,945, 2,955
A break below 2,882 could push gold toward 2,832, offering new buying opportunities.
A break above 2,945 may pave the way for new all-time highs.
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