Gold Price Forecast: XAU/USD struggles around $1,860, upside looks likely on weak DXY

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Gold Price Forecast: XAU/USD struggles around $1,860, upside looks likely on weak DXY
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Gold Price Forecast: XAU/USD struggles around $1,860, upside looks likely on weak DXY By Sagar_Dua24 Gold XAUUSD NFP DollarIndex ChartPatterns

etal has touched an intraday high of $1,860.25 and is expected to refresh the day’s high as an improvement in theA slippage in the DXY could be tagged to lower forecasts of the US Nonfarm Payrolls , which are due later this week. A preliminary estimate for the US NFP is 310k against the prior print of 428k last month. This dictates an expectation of a more than 27% fall in the number of job additions by the US economy.

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