Gold trend after the 517K NFP report on Feb 03, 2023

Gold was sold off heavily from 1915 to 1859-1860 after the surprised 517K NFP report. Gold is making a correction on the day chart and it is expected to drop further to 1845-1850 or 1795-1800.

The 517K NFP report is also supporting the US Dollar to make a reversal and it is expected to make a correction

Today, Feb 06 2003, gold has tested the 1859-1860 during early Asian trading session and it is currently trading around 1878-1881 to make a correction for the post NFP report sell-off.

The following zones 1881-1883, 1993-1995, 1903-1905 are important to watch for gold to be sold off.

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