3 published analysis item(s).
Gold is currently showing a high-volatility consolidation after a sharp bearish move. Price previously rejected the upper resistance area and then experienced a strong sell-off toward the 4,363.676 support region.
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The upcoming US Non-Farm Payrolls report arrives with the labour market sending mixed signals. The market expects payroll growth to recover after July’s contraction. However, several employment indicators—including ADP private payrolls, ISM Services Employment and JOLTS hiring—suggest that labour demand is losing momentum.
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Gold (XAUUSD) is currently experiencing a strong bearish move on the 4-hour timeframe after failing to continue its previous upward movement.
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