• Non-Farm Payrolls (May): +172K (forecast: +85K)
• Unemployment Rate (May): 4.3% (forecast: 4.3%)
The market is reacting to the data, further increasing pressure across risk assets. The U.S. dollar looks strong and may continue its advance. Against this backdrop, both gold and cryptocurrencies could extend their declines
For gold, the key trigger is 4,226. A close below this level could trigger further downside.
For Bitcoin, the key trigger is 61,340
#XAU/USD#
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