FX.co ★ Market Review: Market Review: NFP Week Starts, Gold Buying Spree & S&P 500 Downtrend

In today’s market review for Tuesday, March 31st, we prepare for a massive "NFP Week"! With ADP data, Jobless Claims, and Friday's official Non-Farm Payrolls all on the horizon, market volatility is guaranteed.

We analyze the aggressive buying pressure on Gold (XAU/USD) during the Asian sessions and outline a low-risk long setup targeting the 5,000 mark. For the Forex majors, we're watching EUR/USD test resistance around 1.1442, while GBP/USD has already broken its March lows, setting up potential short opportunities. We also discuss the undeniable 5-week downtrend in the US Stock Market (S&P 500) targeting 6,150, the classic "Asian 3-wave" buy-up in Bitcoin, and the much-needed short correction looming for USD/JPY towards 152.00.

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