Gold price forecast: XAU/USD falls from $1,780, but more gains are likely on a weaker dollar
The gold price is testing the resistance zone of $1,764.45 and $1,773.35. The ISM New Orders Index measures future demand for U.S. manufacturers and indicates a drop in the index may signal a drop in demand. As a result, analysts anticipate a decline in US nonfarm payrolls, from 372k to 250k.
Written by: Winona Grant
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