The most awaited event is here and that is U.S. Non Farm employment change. Change in the number of employed people during the previous month, excluding the farming industry. World is passing through the pandemic situation and Job market in mostly affected during the Covid – 19.
U.S. will release employment numbers for the month of June at 1230 GMT.
Along with the U.S. job data, unemployment rate and average hourly earnings also released to gather.
Here I am showing you how gold was reacted during the U.S. job data.
I have taken last 3 months Job data so that it will become easy for you to compare and predict the market.
APRIL 03, 2020
Gold Movement: H1: High $1,623, Low $1,606
MAY 08, 2020
Gold Movement: H1: High $1,722, Low $1,706
JUNE 05, 2020
Gold Movement: H1: High $1,705, Low $1,682
The above charts itself says a lot. One can compare how Gold has reacted with positive or negative U.S. job numbers.
Today markets expect 3037K jobs against 2509K jobs previous released numbers.
Take a look and do trade wisely before the U.S. Non Farm Payrolls Change.