Gold price (XAU/USD) bounced back after gauging intermediate support near its three-week low around $1,940.00 on Wednesday. The precious metal discovers support as the impact of a decline in gold demand reported by the World Gold Council (WGC) fades and the United States Manufacturing PMI continues its contracting spell for the third quarter in a row.
A power-pack action is anticipated in the Gold price as Automatic Data Processing (ADP) will report US private employment data. The employment data will set the undertone for the interest rate decision by the Federal Reserve
Gold sell zone 1935
Target 1931
Target 1927
Target 1918
A power-pack action is anticipated in the Gold price as Automatic Data Processing (ADP) will report US private employment data. The employment data will set the undertone for the interest rate decision by the Federal Reserve
Gold sell zone 1935
Target 1931
Target 1927
Target 1918
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