Gold – Buoyed by US JOLTS data as yields and the dollar slide
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<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><strong>Gold buoyed by JOLTS data</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><strong>US 2-year yield slipped below 5%</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><strong>Could $1,950 be a major level of resistance?</strong></li>
</ul>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><span data-slate-node="text">Gold made decent gains on Tuesday, buoyed by a softer dollar and lower yields on the back of the US JOLTs data. </span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><span data-slate-node="text">The US 2-year yield slipped back below 5%, while the greenback has come off its highs to trade down on the day. </span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">The summer narrative of higher yields for longer that has lifted the dollar and longer-term yields at the expense of the yellow metal could be put to the test this week with GDP, inflation, jobs, and PMI releases all still to come. </span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">It’s started well for gold but it may still have a mountain to climb after coming under significant pressure since late July.</span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/_KMAzTQPE8Y?si=AlPDR9yIb7UcaKMo" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
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<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><strong>Still a long way to go</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">While yesterday’s recovery was encouraging, it is still in retracement territory so it may be too early to get carried away.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><b>XAUUSD Daily</b></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><a href="https://www.marketpulse.com/wp-content/uploads/2023/08/XAUUSD_2023-08-30_13-08-30.png" target="_blank" rel="noopener"><img loading="lazy" class="aligncenter wp-image-807273" src="https://www.marketpulse.com/wp-content/uploads/2023/08/XAUUSD_2023-08-30_13-08-30-1024×507.png" alt="" width="620" height="307" srcset="https://www.marketpulse.com/wp-content/uploads/2023/08/XAUUSD_2023-08-30_13-08-30-1024×507.png 1024w, https://www.marketpulse.com/wp-content/uploads/2023/08/XAUUSD_2023-08-30_13-08-30-300×149.png 300w, https://www.marketpulse.com/wp-content/uploads/2023/08/XAUUSD_2023-08-30_13-08-30-768×380.png 768w, https://www.marketpulse.com/wp-content/uploads/2023/08/XAUUSD_2023-08-30_13-08-30-1536×761.png 1536w, https://www.marketpulse.com/wp-content/uploads/2023/08/XAUUSD_2023-08-30_13-08-30.png 1835w" sizes="(max-width: 620px) 100vw, 620px" /></a></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">Source – OANDA on Trading View</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">The key level at this stage may be $1,950 with it falling around the 61.8% Fibonacci retracement level – July highs to August lows – and the top of the 55/89-day simple moving average band.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">A move above this may suggest there’s more to the recent gains since the rebound off the 200/233-day SMA band. That said, a rebound lower now could see that prior support come under pressure and a break of that could be very bearish.</p>
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