XAUUSD-Heading towards weekly gains as US unemployment rate rise
Gold price this morning remained at 1,939.6 USD/ounce when the US market was closed during the Laos holiday.
Over the last week, gold has gained more than 1.25% thanks to the non-farm payrolls report released Friday showing rising unemployment and the ISM manufacturing index for US industry continuing to decline. weak.
Kitco News's latest weekly gold survey shows that more than two-thirds of retail investors expect gold prices to increase in the week ending September 8. And after weeks of caution and mixed opinions, market analysts are also bullish on the precious metal.
Specifically, among Wall Street analysts consulting Kitco News' gold survey, 64% forecast gold prices will rise higher this week. 67% of retail investors taking online tours of Main Street share the same opinion. The latest survey of retail investors expects gold prices to trade around $1,962/ounce this week.
I see gold rallying in the near term, but that doesn't mean we can't get active and retest $1,900 an ounce again.
Over the last week, gold has gained more than 1.25% thanks to the non-farm payrolls report released Friday showing rising unemployment and the ISM manufacturing index for US industry continuing to decline. weak.
Kitco News's latest weekly gold survey shows that more than two-thirds of retail investors expect gold prices to increase in the week ending September 8. And after weeks of caution and mixed opinions, market analysts are also bullish on the precious metal.
Specifically, among Wall Street analysts consulting Kitco News' gold survey, 64% forecast gold prices will rise higher this week. 67% of retail investors taking online tours of Main Street share the same opinion. The latest survey of retail investors expects gold prices to trade around $1,962/ounce this week.
I see gold rallying in the near term, but that doesn't mean we can't get active and retest $1,900 an ounce again.
Note
XAUUSD BUY 1941 -1943⚡️🟢TP1: 1949
🟢TP2: 1956
⚠️SL: 1933
Note
Today is a bank holiday so we will trade Scalping todayNote
Running Buy
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.