Gold Price Forecast: XAU/USD within $1,890–1930 range, US data eyed – Confluence Detector – by anilpanchal7 Gold XAUUSD Confluences Employment Fed
autious mood ahead of the top-tier US employment and inflation clues could be linked to the XAU/USD’s latest inaction/consolidation. Also acting as a trading filter for the Gold Price are the headlines from China which fade the worries tone of late.
It’s worth noting that concerns about the Fed’s policy pivot and physical demand from Asia allow the World Gold Council to remain optimistic about the XAU/USD. edges higher within a $40.00 trading range, between $1,930 and $1,890, as markets brace for the top-tier US employment and inflation data. On the flip side, Fibonacci 38.2% on one-month joins the previous daily high to highlight the $1,930 resistance confluence.
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