Emas Semerta / Dolar A.S.Singkat
GOLD traded steadily, notable events and data during the day
On the Asian market on Tuesday (December 3), XAUUSD Spot delivery is basically stable, gold price is currently around 2,640 USD/ounce.
Notable economic data and events on this trading day
Today (Tuesday), the U.S. Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey (JOLTS). This important employment data is expected to cause large fluctuations in gold prices this trading day.
Economists predict that there will be 7.51 million JOLT vacancies in the United States in October, compared with 7.443 million in September, the lowest level since the beginning of 2021.
The JOLTS job vacancy report was one of the labor force indicators that U.S. Treasury Secretary Yellen valued most when she was chair of the Federal Reserve. This index is also labor market data that the Fed is very interested in.
Gold traders will also be watching for speeches by Federal Reserve officials. On Wednesday, Fed Governor Coogler will give a speech on the labor market and monetary policy. Chicago Fed President Goolsby will give a speech.
More information
Trump urged BRICS countries not to try to replace the dollar and threatened to impose 100% tariffs if they did not comply. Trump's comments raised concerns that US interest rates will remain high for a long time and this will not be beneficial for non-yielding gold.
Analysis of technical prospects forXAUUSD
On the daily chart, there are almost no structural changes as gold is still maintaining very modest price activity due to the lack of fundamental breakthroughs.
In terms of factors, gold is facing more pressure with the nearest horizontal resistance at 2,644 USD along with the 21-day Moving Average (EMA21), in addition, the main trend currently dominating is the downward trend. by price channel.
In the short term, if gold is sold below the 0.618% Fibonacci level, it will have conditions to decrease further with a subsequent target of around 2,606 - 2,600USD, which means the nearest support in the short term is also the 0.618 Fibonacci level. % price point 2,634USD.
The relative strength index is still operating below the 50 level, although it is mostly moving sideways but this should also be considered a negative technical signal.
During the day, the technical outlook leans towards the possibility of price decline with notable points listed as follows.
Support: 2,634 – 2,606 – 2,600USD
Resistance: 2,644 – 2,663USD
SELL XAUUSD PRICE 2661 - 2659⚡️
↠↠ Stoploss 2665
→Take Profit 1 2654
↨
→Take Profit 2 2649
BUY XAUUSD PRICE 2579 - 2581⚡️
↠↠ Stoploss 2575
→Take Profit 1 2586
↨
→Take Profit 2 2591
XAUUSD Spot delivery is basically stable, gold price is currently around 2,640 USD/ounce.Notable economic data and events on this trading day
Today (Tuesday), the U.S. Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey (JOLTS). This important employment data is expected to cause large fluctuations in gold prices this trading day.
Economists predict that there will be 7.51 million JOLT vacancies in the United States in October, compared with 7.443 million in September, the lowest level since the beginning of 2021.
The JOLTS job vacancy report was one of the labor force indicators that U.S. Treasury Secretary Yellen valued most when she was chair of the Federal Reserve. This index is also labor market data that the Fed is very interested in.
Gold traders will also be watching for speeches by Federal Reserve officials. On Wednesday, Fed Governor Coogler will give a speech on the labor market and monetary policy. Chicago Fed President Goolsby will give a speech.
More information
Trump urged BRICS countries not to try to replace the dollar and threatened to impose 100% tariffs if they did not comply. Trump's comments raised concerns that US interest rates will remain high for a long time and this will not be beneficial for non-yielding gold.
Analysis of technical prospects for
XAUUSD On the daily chart, there are almost no structural changes as gold is still maintaining very modest price activity due to the lack of fundamental breakthroughs.
In terms of factors, gold is facing more pressure with the nearest horizontal resistance at 2,644 USD along with the 21-day Moving Average (EMA21), in addition, the main trend currently dominating is the downward trend. by price channel.
In the short term, if gold is sold below the 0.618% Fibonacci level, it will have conditions to decrease further with a subsequent target of around 2,606 - 2,600USD, which means the nearest support in the short term is also the 0.618 Fibonacci level. % price point 2,634USD.
The relative strength index is still operating below the 50 level, although it is mostly moving sideways but this should also be considered a negative technical signal.
During the day, the technical outlook leans towards the possibility of price decline with notable points listed as follows.
Support: 2,634 – 2,606 – 2,600USD
Resistance: 2,644 – 2,663USD
SELL XAUUSD PRICE 2661 - 2659⚡️
↠↠ Stoploss 2665
→Take Profit 1 2654
↨
→Take Profit 2 2649
BUY XAUUSD PRICE 2579 - 2581⚡️
↠↠ Stoploss 2575
→Take Profit 1 2586
↨
→Take Profit 2 2591
Nota
The gold market is going through a tense period, as investors and analysts focus their attention on upcoming US economic data. These figures are expected to be the "key" to decoding the Fed's monetary policy direction in the coming months.Nota
According to the Fed, the upcoming JOLTS employment data can provide a more comprehensive picture of the basic trend of the economy in the near future.
The possibility of a rate cut is currently valued at 70%, but this number could change based on today's data and will impact the USD.
Nota
Nota
▫️Spot Gold hit $2,650 an ounce or more, up 0.25% on the day.Nota
Gold increased to 2,654 USD/ozNota
Gold price is around 2,652 USD/ounce, up 10 USD compared to before. Gold prices increased again mainly due to the previous strong downward adjustment and investors still expect a long-term upward trend of this precious metal when the US and the world are entering a cycle of reducing interest rates to reduce interest rates. support economic growth.Nota
🔴Spot gold fell below 2,630 USD/ounce, down 0.76% on the day.Nota
▫️Spot Gold stood at $2,640 an ounce, up 0.31% on the day.Nota
XAU/USD struggled to maintain its recovery momentum from the week-and-a-half low set at the beginning of the session, although it maintained a slight upward momentum in the first half of the European session. US government bond yields remain at the bottom amid forecasts that the Fed will loosen policy in December, supporting gold as it pushes the USD to a multi-week low.Nota
Precious metal prices increased 0.6%, trading below 2,650 USD/oz, after the PBoC's announcement to buy 160,000 ounces of gold last month.
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