NFP/GOLD TRADE IDEA

Today, we have a few key updates during the NY session: Average Hourly Earnings m/m, Non-Farm Employment Change (NFP), and the Unemployment Rate. Among these, the NFP is drawing the most attention, with analysts estimating a significant drop to 164k compared to the previous 227k.

Based on my analysis, the actual figures are likely to exceed the forecasts, which could strengthen the dollar and lead to a slight correction in Gold.

This is my outlook for the day. Share your thoughts—what do you think will happen?