Gold XAUUSD Chart Technical Outlook dips to find buyers, bears eye $2,345-55
Gold broke above the consolidation area and set to print a bullish structure. USD and the 10-year Treasury yields are under pressure after soft employment data from JOLTS and ADP this week. Investors eye the most important NFP due tomorrow. Gold correlates negatively to both assets. Today’s calendar has the US Initial Jobless Claims and a final revision on Unit Labor Costs.
I expect an upside price action with dips to be corrective and find buyers. Supports are located at $2,355 and $2,345. Resistances are seen at $2,390 and $2,405.
