XAUUSD

With U.S. non-farm payrolls data approaching, the ADP private sector employment report came in significantly below expectations, suggesting the Fed may be closer to a rate cut. These developments have increased gold’s appeal as a safe haven. However, volatility may continue until the Fed’s decision is confirmed. Today's employment data will likely be key in determining the direction of gold prices. On the 4-hour chart, gold finds support at 2510 and 2500, while resistance is seen at 2520 and 2525. The RSI indicator stands at 61.88, indicating upward movement continues. Gold is trading at 2518.52, up by 0.19% from the previous day. Support:2510 - 2500 - 2490 Resistance:2520 - 2525 - 2530