Gold Price Forecast, US NFP eyed
Gold Price (XAU/USD) remains on the bear's radar despite the latest corrective bounce off the weekly low, licking its wounds near $1,911 amid early Friday morning in Asia. In doing so, the XAU/USD justifies risk Aaversion, as well as upbeat United States data, to underpin the bullish bias about the Gold Price. Adding strength to the Gold Price downside are the fears surrounding China.
Gold Price eyes further downside amid sour sentiment, hawkish Fed concerns
Gold Price lures sellers as mostly upbeat United States jobs data underpin hawkish Federal Reserve(Fed) bets while China-linked headlines aren't impressive.
Additionally,the US-China tension and positioning before Friday's US employment report also weigh on the sentiment and the XAU/USD price.
Gold Price (XAU/USD) remains on the bear's radar despite the latest corrective bounce off the weekly low, licking its wounds near $1,911 amid early Friday morning in Asia. In doing so, the XAU/USD justifies risk Aaversion, as well as upbeat United States data, to underpin the bullish bias about the Gold Price. Adding strength to the Gold Price downside are the fears surrounding China.
Gold Price eyes further downside amid sour sentiment, hawkish Fed concerns
Gold Price lures sellers as mostly upbeat United States jobs data underpin hawkish Federal Reserve(Fed) bets while China-linked headlines aren't impressive.
Additionally,the US-China tension and positioning before Friday's US employment report also weigh on the sentiment and the XAU/USD price.
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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.
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.