Gold having good support of 1934-1930
Looking for uptrend after 1930 will back in 1956 level
However, the policymakers’ defense of the US Treasury bonds and hopes of witnessing upbeat US economic growth prod the Gold sellers ahead of the mid-tier US data surrounding employment and activities for July. That said, US ISM Services PMI for July and the second quarter readings of Nonfarm Productivity and Unit Labor Costs gain major attention while determining Friday’s US Nonfarm Payrolls (NFP) and the US Dollar moves.
Gold buy zone 1937-1932
Target 1940
Target 1945
Target 1956
Gold will fly from 1934
Looking for uptrend after 1930 will back in 1956 level
However, the policymakers’ defense of the US Treasury bonds and hopes of witnessing upbeat US economic growth prod the Gold sellers ahead of the mid-tier US data surrounding employment and activities for July. That said, US ISM Services PMI for July and the second quarter readings of Nonfarm Productivity and Unit Labor Costs gain major attention while determining Friday’s US Nonfarm Payrolls (NFP) and the US Dollar moves.
Gold buy zone 1937-1932
Target 1940
Target 1945
Target 1956
Gold will fly from 1934