Gold Prices Flirt with Trend Reversal as US Jobs Data Looms Ahead

September 04, 2020 at 06:14AM

Gold prices are flirting with a major trend reversal that could upend the rise from March lows as all eyes turn to Augusts’ US jobs report. A soft result may weigh on XAU/USD.

From: Ilya Spivak
Selected by fonecable.com

Search Web: Gold Prices Flirt with Trend Reversal as US Jobs Data Looms Ahead

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Gold Price Outlook: XAU/USD To Gain on Dovish Fed Speeches
Canadian Dollar Technical Pattern Forming, Hints at a Bullish USD/CAD Continuation
NEWS: OPEC+ discussing possible further increase of oil output from August June 22, 2021 at 10:08AM
NEWS: EU Financial Services Chief McGuinness: UK assessment to resume June 22, 2021 at 10:04AM
NEWS: AU10 year yields pressured on China’s Iron Ore regulation June 22, 2021 at 09:53AM

About Post Author

Ivy Chu

ivy@fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

DailyFX - Market News Ilya Spivak Topbanner

FX Street

BOE: Unlikely to offer further adjustments to flow of its gilts purchase program – Scotiabank 22 June 2021

Analysts at Scotiabank offer a sneak peek at what to expect from the Bank of England’s (BOE) monetary policy announcement due this Thursday. Key quote

Silver Price Analysis: XAG/USD bulls need $26.60-65 breakout to retake controls 22 June 2021

Silver buyers attack the $26.00 threshold, up 0.13% intraday, ahead of Tuesday’s European session. In doing so, the quote keeps the previous day’s bou

GBP/USD consolidates near 1.3920 amid renewed USD strength 22 June 2021

The appreciative move in the US dollar keeps GBP/USD gains under check. The pair accumulated stellar gains on Monday after the heavy losses incurred i

EUR/USD defends 1.1900 ahead of Jerome Powell’s testimony 22 June 2021

EUR/USD recovers from intraday low, pares daily losses to 0.07%, around 1.1910 heading into Tuesday’s European session. The major currency pair consol

CCIV Stock Price: Lucid Motors – Churchill Capital IV snaps three-day winning streak 22 June 2021

NYSE:CCIV seems to be stuck in neutral as the stock fell yet again on Friday to close out what at first appeared to be a bullish outbreak late last we

USD/CAD Price Analysis: Bulls keep an eye on 1.2400 mark 22 June 2021

USD/CAD edges higher in the Asian trading hours The pair rose near to the multi-month high on Monday, however, failed to sustain the gains. At the tim

Fed moving closer to tapering – Morgan Stanley 22 June 2021

The data has been so strong, it would be naive not to think the Fed wasn't moving closer to tapering over the past several months. It's all part of th

Pound Sterling Price News and Forecast: GBP/USD retreats above 1.3900, fades recovery from two-month low 22 June 2021

GBP/USD bulls take a breather around 1.3925, following the heaviest rebound in two months, amid Tuesday’s Asian session.

NZD/USD Price Analysis: Sellers attack 50-HMA inside bearish flag 22 June 2021

NZD/USD bounces off an intraday low of 0.6970 while licking its wounds, down 0.13% on the day, amid early Tuesday. The kiwi pair’s recovery from a sev

Gold Price Analysis: XAU/USD consolidates the rebound below $1790, awaits Powell 22 June 2021

The price of gold is higher by over 1% as the greenback retreats from the ground made subsequent of a hawkish hold at the Federal Reserve last week. A

US dollar gives back ground but finds demand in Asia 22 June 2021

At the time of writing, DXY is higher by over 0.1% and is finding support following the prior bearish correction from 92.40. The US dollar is being he

S&P 500 Futures: On defensive above 4,200 amid steady Treasury yields, Jerome Powell eyed 22 June 2021

S&P 500 Futures remain mildly bid around 4,217, up 0.08% intraday, during early Tuesday. The risk barometer jumped the most in three months the previo

ECB to kick off tapering later this year – Goldman Sachs 22 June 2021

Commenting on the European Central Bank’s (ECB) exit timetable, Sven Jari Stehn, Chief European Economist at Goldman Sachs said that the central bank

USD/ZAR Price Analysis: Bounces off 10-week-old horizontal support but bulls stay cautious 22 June 2021

USD/ZAR remains sidelined around 14.20-25, trimming the previous day’s losses with a 0.07% intraday run-up, amid Tuesday’s Asian session. The quote to

USD/CNY fix: 6.4613 vs previous 6.4546 22 June 2021

In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) reference rate at 6.4613 (est 6.4654; prev 6.4546) About the fix China mai

EUR/USD: Options market turns most bullish in six weeks 22 June 2021

One-month risk reversal for the EUR/USD, a gauge of calls to puts, snapped a two-day downtrend, jumping the most since May 07, for Monday, per the lat

EUR/JPY Price Analysis: Bulls consolidates around 131.30 22 June 2021

EUR/JPY trades cautiously on Tuesday morning in the Asian trading hours. The cross constitutes a 20 pips movement with a negative bias. As of writing

USD/JPY Price Analysis: Bulls taking charge towards daily resistance 22 June 2021

USD/JPY is on the verge of an upside continuation having pulled back to expected daily support. The following is an illustration of how the time frame

We do not see a case for sustained Dollar appreciation – Goldman Sachs 22 June 2021

In its latest update on the US dollar, following the greenback’s recovery post-Federal Open Market Committee (FOMC) meeting, Goldman Sachs reiterates

AUD/USD Price Analysis: Bulls step back from 200-DMA 22 June 2021

AUD/USD refreshes intraday low near 0.7520, down 0.11% on a day, while consolidating the previous day’s gains amid Tuesday’s Asian session. In doing s

Gold Prices Flirt with Trend Reversal as US Jobs Data Looms Ahead

September 04, 2020 at 06:14AM

Gold prices are flirting with a major trend reversal that could upend the rise from March lows as all eyes turn to Augusts’ US jobs report. A soft result may weigh on XAU/USD.

Search Web: Gold Prices Flirt with Trend Reversal as US Jobs Data Looms Ahead

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Recent Posts

About Post Author

Ivy Chu

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Average Rating

Leave a Reply Cancel reply

Is the loud market selloff just the beginning?

Japanese Yen outlook: Unemployment data may prompt USD/JPY bulls

September 04, 2020 at 06:14AM

Gold prices are flirting with a major trend reversal that could upend the rise from March lows as all eyes turn to Augusts’ US jobs report. A soft result may weigh on XAU/USD.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

July Reports

ADVERTISEMENT

Average Rating

Leave a Reply Cancel reply

Related Post