GOLD
The nearest reference points are JOLTS data and speeches by Fed officials.
Drivers:
Downside: rising yields, strong dollar, hawkish Fed, escalation in the Middle East,further liquidation of long positions.
Upside: weak NFP data (Friday), falling yields and dollar, de-escalation,profit-taking on short positions.
Resistance levels: 4195, 4230, 4275
Support levels: 4110, 4065, 4000
Technically,a bearish trend. Before the NFP release, the market may remain within the range: 4100–4230.
#gold#
Mr.Yang
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