Gold News: Inflation and Jobs Data Could Decide Gold Market Direction This Week

Last week, XAUUSD settled at $4964.62, up $69.18 or +1.41%Technical Setup: Support TighteningThis week, the wide support zone comes in at $4744.34 to $4427.82, just like last week. However, the uptrend line from the $3886.46 main bottom, moving at a rate of $43.06 per week, comes in at $4532.39. This creates a relatively tight support cluster at $4532.39 to $4427.82. Relatively tight that is, given the current elevated volatility.Pattern, Price, and Time Still IntactMarkets follow three elements, in my opin ...