๐จ๐ Gold & Silver Hold Key Support Ahead of U.S. Jobs Data
Gold and silver prices are stabilizing near important technical support levels, signaling that sellers are losing momentum for now. Despite recent volatility, buyers continue to defend these zones, keeping the broader structure intact.
All eyes are now on the U.S. Jobs (Non-Farm Payrolls) report, a major macro catalyst that could trigger sharp moves.
โข Strong jobs dataโ stronger USD, pressure on gold & silver
โข Weak jobs data โ rate-cut hopes rise, bullish for precious metals
โ ๏ธ With prices holding support, a breakout or breakdown is likely once the data is released. Traders should expect high volatility.
๐ Market positioning suggests caution until confirmation after the data.
