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- Gold price to slide below $1800 on strong NFP - OCBC
Gold price to slide below $1800 on strong NFP - OCBC
FXStreet reports strategists at OCBC Bank expect the gold (XAU/USD) to continue with its sideways movement ahead of Friday’s Nonfarm Payrolls. A robust report could send the yellow metal below the $1800 level.
“The last three days saw little intraday volatility in gold price movements and the precious metal has traded cleanly above the $1800 level in the same period. We expect this trend to continue until tomorrow’s jobs report.”
“A strong US nonfarm payroll may send gold back below the $1800 handle.”
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