🚨 US Jobless Claims Spike — What This Means for Gold ($XAU ) and the Dollar (
$BTC )
US jobless claims just surprised the market, rising above expectations and signaling potential cooling in the labor market. This shift could support gold prices, as weaker employment data often reduces pressure on the Federal Reserve to keep rates high.
📊 Trade Levels:
Entry: 227000 🟢
Target: 222000 🎯
Stop Loss: 230000 🛑
However, the signal is mixed. Claims increased, but remain lower compared to previous trends, showing the labor market is slowing—not collapsing. This creates volatility and opportunity.
💡 Watch the US Dollar Index ($DXY) closely. A weaker dollar can push gold higher, while strength may limit upside.
Traders should stay alert. Market reactions to labor data often drive short-term momentum in gold and forex.
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