XAUUSD Technical Analysis 03.12.2021 1h chart

Price have tapped Monthly Support then Retraced, Yesterday (02.12.2021) Unemployment Claims came out better than Forecast, so with NFP News coming tomorrow  good numbers are expected, If numbers come out even better we could see Bearish move tapping 1750 area (Weekly Support). Unemployment Rate its also expected to be lower by 0.1% this month that could potentially give more volume for price to hit 1750.

What is NFP : –:closed_book: NFP (Non-Farm Payroll) figure is a key Economic Indicator for the US Economy.  It represents the numbers of jobs added.- Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.- Data released Monthly on the first Friday after the month ends.