Core Viewpoint - Gold prices are experiencing volatility ahead of the U.S. non-farm payroll data release, with a focus on potential impacts from employment figures and Federal Reserve interest rate expectations [1][2][6]. Group 1: Market Dynamics - Gold prices paused after three days of gains, with attention shifting to the upcoming U.S. non-farm employment data [1]. - The U.S. dollar has seen a temporary halt in its decline, which has exerted bearish pressure on gold prices [3]. - Concerns over the U.S. labor market have resurfaced, contributing to renewed selling pressure on the dollar [3][4]. Group 2: Employment Data Expectations - The market anticipates an increase of 110,000 in non-farm payrolls for June, with the unemployment rate expected to rise slightly to 4.3% from 4.2% in May [7]. - A non-farm payroll figure below 100,000 could intensify selling pressure on the dollar and increase the likelihood of a Fed rate cut in July, which would be favorable for gold prices [8]. Group 3: Technical Analysis - As of the latest data, gold prices are struggling around the 21-day simple moving average (SMA) at $3,350, having faced rejection near $3,365 [12]. - The 14-day relative strength index (RSI) is above the midpoint, currently close to 52.30, indicating potential buying interest [13]. - A poor U.S. employment report could restore upward momentum towards the 23.6% Fibonacci retracement level at $3,377, with a significant upward trend possible if prices close above this level [14][15].
金价预测:黄金/美元买家在美国非农就业数据公布前稍作喘息
Sou Hu Cai Jing·2025-07-03 10:18