Wall Street's eye are on US NFP Employment Data Tonight.
Gold continues under pressure as the US dollar strengthen amid US Jobless Claims fell below 1 million last week for the second time since the pandemic. Technically, gold rebounds from the bottom and surging towards the 10 MA at 4 Hour TF. If the price breaks above the 10 MA, expected the price might extending towards the next resistance of 1962/1966. Conversely, if the price is unable to close above the 10 MA, the price may pull back to the support level.
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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.