The gold's price is currently oscillating between $2,620 and $2,660, showcasing a persistent lack of momentum among market participants, with neither buyers nor sellers asserting their dominance.
The absence of any clear catalyst leaves gold in a state of indecision, waiting for economic data or U.S. Non-Farm Payrolls that could influence its future trajectory.
Market analysts anticipate that a stronger-than-expected Non-Farm Payrolls report might reinforce the bearish narrative concerning gold, aligning with the Fed's high interest rate outlook.
Conversely, weaker-than-expected payroll data could drive a bullish breakout for gold, highlighting how economic factors are crucial in determining market direction amid current range-bound conditions.
Collection
[
|
...
]