Gold Analysis June 6: Focus on Nonfarm Payrolls v

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Gold Analysis June 6: Focus on Nonfarm Payrolls vGoldOANDA:XAUUSDStarrOneGold, after rising around 3400, has been under strong downward pressure after US President Donald Trump and Chinese President Xi Jinping had a productive phone call. Today the market focuses on Nonfarm Payrolls - Technically. Gold has been under downward pressure from around 3400 and yesterday's decline was good, gold is currently trading below the 3400 zone. However, it has met support at the 3346 - 3340 zone. Before today's NFP news, you can trade according to the above support zone to buy up, and sell at the psychological resistance zone of 3400.