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Hello everyone! What are your thoughts on XAUUSD?
In early trading today, gold prices rose slightly to $4,110, supported by cautious market sentiment and continued uncertainty about the U.S. economy. Now, traders are awaiting the U.S. non-farm payrolls report for September, due out at the end of the day.
The recent government shutdown has delayed employment data and increased uncertainty, complicating the Federal Reserve’s labor market assessment and driving demand for safe-haven assets such as gold. The September jobs report will be closely watched for signals on U.S. business conditions and future interest rate policy.
⭐️My personal opinion:
Price is still trading sideways and accumulating between the $4,000 and $4,100 levels, with a short-term downward trend on the first half charts.
What do you think? Where is the XAUUSD price heading today?
