Gold price reverses modest uptick, bears regain control ahead of US NFP
Gold price struggles to capitalize on its modest intraday positive move to the $1,825 area on Friday. Bets for more Fed rate hikes in 2023, elevated US bond yields and a bullish USD continue to weigh. Traders now look forward to crucial US NFP for a fresh directional impetus.
Gold now sell 1824
Target 1820
Target 1816
Target 1790
SL 1835
Gold price struggles to capitalize on its modest intraday positive move to the $1,825 area on Friday. Bets for more Fed rate hikes in 2023, elevated US bond yields and a bullish USD continue to weigh. Traders now look forward to crucial US NFP for a fresh directional impetus.
Gold now sell 1824
Target 1820
Target 1816
Target 1790
SL 1835
Note
Target 1 hit 40 pips done ✅Note
Target 2 hit 80 pips done ✅Note
Gold sell 140 pips runningNote
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Gold sellNote
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XauusdNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.