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[ Wed, Dec 04th 2024 ]: Thomas Matters
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[ Wed, Dec 04th 2024 ]: Thomas Matters
Gold Price Forecast: XAU/USD's path of least resistance appears down as US Nonfarm Payrolls data looms


🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The daily chart shows that Gold's price has broken the recent range to the downside as the 14-day Relative Strength Index (RSI) turns lower below the midline. Adding credence to the renewed decline in Gold price, the previous week's Bear Cross continues to act as a headwind.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/analysis/gold-price-forecast-xau-usds-path-of-least-resistance-appears-down-as-us-nonfarm-payrolls-data-looms-202412060303 ]
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