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#GateSquareAprilPostingChallenge
Critical US employment data has been released 📊
• Non-farm payrolls (NFP) exceeded expectations
• Unemployment rate remained strong
• Wage increases supported inflationary pressures
As a result of this data:
→ The dollar gained strength 💵
→ Gold and silver retreated in the initial reaction 🥇
→ EUR/USD faced downward pressure
$GT $XAUUSD
Critical US employment data has been released 📊
• Non-farm payrolls (NFP) exceeded expectations
• Unemployment rate remained strong
• Wage increases supported inflationary pressures
As a result of this data:
→ The dollar gained strength 💵
→ Gold and silver retreated in the initial reaction 🥇
→ EUR/USD faced downward pressure
So in the short term:
👉 The dollar may remain strong
👉 Pressure on gold may continue
However, I don't think this will last very long. And #Gold #Silver and #EURUSD will recover soon.
$BTC $GT $SOL