The RBA will make a rate statement on August 4 at 7:30 MT time.
GOLD: approaching $1,800!
Information is not investment advice
Gold price broke $1,760 recently and is establishing itself now at these levels. The increased velocity and steeper curve of the bullish trajectory indicate that a further rise in this manner may take place up to the level of $1,780 putting finally beating the 2012 highs, but a further push will need more momentum. For this reason, we may expect bulls to keep pushing and make another $15-20 "in one strike", but then the price will likely stop to have a break. Reaching $1,800 is fundamentally inevitable and is nearing quite fast, but there will be few steps on the way to it still. Don't miss the train!
The Non-Farm payrolls are announced on Friday at 15:30 MT time.
S&P 500 takes a pause near the all-time high, while the US dollar remains at the lowest levels since 2018.
A lot of news came out that may impact the market. It’s surely not the time to rely only on technical analysis!