Gold rose 0.46% to $4,310 despite an NFP shock that lifted Fed hike bets.
Bull case
- Structural demand cushioned the NFP-driven selloff (MEDIUM)
Bear case
- NFP shock lifts Fed hike bets sharply (HIGH)
- Rate-path repricing pressures gold into the close (HIGH)
Levels that matter: Support $4,224 / Resistance $4,475.