📊 Market Insight: XAUUSD Reversal Opportunity! 📉

This morning, we saw impressive job numbers from the U.S. Non-Farm Payrolls, with actual figures at 254K compared to a forecast of 140K. This marks a substantial increase from the previous 159K, indicating a strong labor market. The Unemployment Rate also edged lower to 4.1%, beating the forecast of 4.2% and last month’s 4.2% as well.

Given these robust numbers, we’re anticipating a potential reversal in XAUUSD around the $2658.4 to $2656.15 zone.

A strong jobs report typically strengthens the dollar, which can put pressure on gold prices, creating an opportunity for a price reversal.

Stay alert and watch how the price action develops around this level! 📈

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