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Gold Price Observes Buying Exhaustion Ahead of the NFP

Started by forex4you, Jan 09, 2023, 01:05 pm

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Jan 09, 2023, 01:05 pm
Gold Price Observes Buying Exhaustion Ahead of the NFP

XAU/USD turned to the downside after finding resistance at the R1. The 1,824 and the uptrend line represent downside targets. The US data could bring sharp movements later today. The gold price turned to the upside after yesterday's massive drop. A temporary rebound was natural, but the downside pressure remains high after we reported positive … Continued


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