Gold price reverses modest uptick, bears regain control ahead of US NFP
Gold price struggles to capitalize on its modest intraday positive move to the $1,825 area on Friday. Bets for more Fed rate hikes in 2023, elevated US bond yields and a bullish USD continue to weigh. Traders now look forward to crucial US NFP for a fresh directional impetus.
Gold now sell 1824
Target 1820
Target 1816
Target 1790
SL 1835