#USNFPBlowout
🥇🔥 GOLD Pulls Back After Strong NFP – Is XAU Cooling or Reloading? 🔥🥇
Gold retreats from 2-week high as strong US jobs data shifts Fed expectations.
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📊 What Happened?
💼 US NFP: +130K jobs (vs 70K expected)
📉 Unemployment: 4.3% (down from 4.4%)
💰 Wage Growth: 3.7% YoY
📊 March rate cut odds drop to 5% (95% hold)
➡️ Result: Gold dips below recent highs, now around $5,050, down <0.5%.
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🏦 Fed Outlook Shift
Market now sees first rate cut in July
Still pricing 2 cuts (25bps each) in 2026
Fed officials signaling caution on inflation
Strong labor = less urgency to cut = short-term pressure on non-yielding gold.
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💵 USD Reaction
Dollar bounced post-NFP
But upside limited as:
Fed still expected to ease later this year
Political pressure on Fed independence weighs on USD
➡️ Weak USD floor = Gold downside limited.
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🔮 Short-Term Outlook
Key Catalysts Ahead:
📈 US CPI (Friday) – major trigger
📉 Weekly Jobless Claims – short-term volatility
Bias:
Above $5,000 = bullish structure intact
CPI cooler → Gold spike
CPI hot → deeper pullback possible
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🪙 Crypto Angle
Strong NFP = rate cut delay → short-term headwind for BTC
But if USD fails to rally strongly → risk assets stabilize
Gold resilience = liquidity not tightening aggressively
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🚨 Bottom Line
Gold pullback is data-driven, not trend-breaking.
Macro still supportive if inflation cools.
Watch CPI closely – that’s the real market mover.
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