GOLD HOLDING STRONG NEAR $5,060 DESPITE HOT US JOBS DATA 🐂
THE FED IS NOT CUTTING YET BUT GOLD IS UNBREAKABLE. This is structural support you cannot ignore. Central Banks are loading up while geopolitical risk keeps the floor solid.
• US Non-Farm Payrolls CRUSHED expectations at 130K.
• Unemployment DROPPED to 4.3%.
The market is shifting rate cut expectations to July, but that only means the eventual pivot will be BIGGER. Gold is consolidating for the next massive leg up. DO NOT SLEEP ON THIS SUPPORT LEVEL. Prepare for LIFTOFF when the narrative flips back to easing.