Hello and good day. First of all, I’m not sure if this the right category or topic for what I’m about to discuss. If not, please let me know. Thanks in advance. Also, English is not my main language. So, I apologize if my grammar sucks and made you hard to understand what I say.
I’m just a beginner still doing demo trading trying to get good and consistent in gold trading. I lost a trade in gold that day convinced that Gold would go down after the US labor data was released. I thought the data was indicating strong US labor market (Good for USD no?) but gold still end up going up and up reaching new highs for the day and week
So, I want to know from the opinions of experienced and successful traders here especially from those that mostly trade gold, why is it that gold went up last Friday (10th of January 2025) after the strong US jobs data? I just want to know more on your fundamental perspective on this but technical perspective is also welcome. Thanks.
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I’m just a beginner still doing demo trading trying to get good and consistent in gold trading. I lost a trade in gold that day convinced that Gold would go down after the US labor data was released. I thought the data was indicating strong US labor market (Good for USD no?) but gold still end up going up and up reaching new highs for the day and week
So, I want to know from the opinions of experienced and successful traders here especially from those that mostly trade gold, why is it that gold went up last Friday (10th of January 2025) after the strong US jobs data? I just want to know more on your fundamental perspective on this but technical perspective is also welcome. Thanks.
1 post - 1 participant
Read full topic