Gold at Peak, NFP Decisive
Gold remains near its record high due to expectations of a Fed rate cut and global uncertainty driving safe-haven demand.
However, the market is becoming cautious due to overbought conditions. Friday's NFP data is expected to be key to gold's next direction: a continued rally or a correction.
The gold price at the time of writing was $3,538/Toz.
- Buy if the price moves around $3,543
- Sell if the price moves around $3,531
Resistance 2: $3,561
Resistance 1: $3,545
Support 1: $3,524
Support 2: $3,517
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions. (ayu)
Source: Newsmaker.id