Gold is likely to struggle to push higher over the coming week after the latest US Jobs Report smashed expectations, paring Fed rate cut expectations.
Source
Gold Weekly Forecast – XAU/USD Testing Support After US NFPs Hammer Rate Expectations
access_timeDecember 22, 2024
Latest:
- ECB’s Vujcic says the Bank’s “direction is clear … further reduction of interest rates”
- Market Recap: U.S. stock indices rise today, but close with weekly losses
- Fed vice chair for supervision is worried that Trump will try to remove him – report
- USDCHF reaches its 200 hour MA and swing area target
- EURUSD testing the 100 hour MA and near a key swing area
- GBPUSD breaks higher. The next key target area between 1.2596 and 1.26147
- Fed’s Goolsby: Nice to get inflation number that better than expected
- The USDCHF has fallen below the 100H MA, trendline support and swing area support @ 0.8956
- Fed’s Hammack: Rate cut was a ‘close call’ and she favored holding policy steady
- Fed’s Williams: Inflation data since Sept has been ‘a touch higher’
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