Today’s given signal : https://t.me/calendarsignal/9498
Introduction
The Impact of United States Initial Jobless Claims on XAUUSD: A Comprehensive Analysis
In this blog, we will examine the relationship between United States initial jobless claims and the XAUUSD (gold to US dollar) exchange rate. We will explore how changes in jobless claims can influence the value of gold, a safe-haven asset, and provide insights into the dynamics of the financial markets.
Jobless Claims: Definition
Jobless claims are filings for unemployment benefits in the US, indicating the labour market’s health. High claims imply economic weakness, while low claims signal a strong job market. Analysing jobless claims and XAUUSD can offer insights for investors and traders.
Gold as a Reliable Investment Option
Gold is considered a safe-haven asset in uncertain times. Investors use it to protect against inflation and market volatility. Jobless claims can affect investor sentiment and the demand for gold. Studying the link between jobless claims and XAUUSD helps us understand how economic indicators impact gold prices.
Previous released data results :
On last data (26-10-2023) we predict to SELL XAUUSD as for good Data price raised.
Check the previous blog : https://blog.forextrade1.co/us-core-durable-goods-orders-gdp-initial-jobless-claims-will-impact-badly-on-gold-today-26-10-2023/
Check last given signal : https://t.me/calendarsignal/9417
Performance :
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