UK_LEE

GOLD 30/8 - 3/9 - ahead of NFP

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold consolidates the heaviest daily jump in two weeks around monthly top. Fed Chair Powell teased tapering but timing, rate hike concerns favored bulls on Friday. XAU/USD could target $1,830 next ahead of NFP
+ gold keeps upside break of the key 1,808-10 support confluence, previous resistance.
+ However, any further upside will be challenged by the last month’s high near $1,835. Strong resistance 1827 - 1832 poses a serious challenge to the upside momentum.
+ On the flip side, a daily closing below $1,805 will need a confirmation from the $1,800 to recall the gold sellers. Following that, $1,782 and June’s low of $1,758 should return to the charts.