The US Jobs Disaster 2020

https://www.investing.com/news/economic-indicators/us-private-sector-sheds-record-202-million-jobs-in-april-adp-2162501

March’s figure was revised to show job losses of 149,000 from the decline of 27,000 that was initially reported.

“Job losses of this scale are unprecedented. The total number of job losses for the month of April alone was more than double the total jobs lost during the Great Recession,” said Ahu Yildirmaz, co-head of the ADP Research Institute.

 

Seriously?

 

Only 7 hours since Fed Rate announcement and Reuters are making grand claims about the future of gold. How long will rates be trapped at .25%?. The Fed says quite some time which would suggest they are out of options and investors will move into gold for security. Especially as the dollar printing is going to proceed at a break neck speed. You have to question the motive of the financial media. Especially Reuters. Not the first time and won’t be the last.

https://au.investing.com/news/commodities-news/gold-eases-as-virus-treatment-hopes-lift-risk-sentiment-2104923

Entering the XAUUSD chart

With high spreads and volatility at present a precise entry is critical. It is usually on the hour where the price will turn for the day and continue with the trend and volume. So study the chart well and enter with care and caution. Get it right and your nerves will be spared.