📊 Product: XAU/USD 📈 Prediction: Increase Fundamental Analysis: Gold prices recovered some ground on Thursday during the North American session, edging up some 0.67% after a hotter-than-expected US inflation report, which was tempered by soft US jobs data. Nonetheless, recent hawkish comments by a Federal Reserve (Fed) official capped the precious metal’s advance. The XAU/USD trades at $2,624 after bouncing off a daily low of $2,603. August’s inflation in the United States (US) was slightly higher than expected, though jobs data offset it. The US Department of Labor announced that more people than expected applied for unemployment benefits, which could cause the Fed to lower borrowing costs aggressively. Technical Analysis: Gold price resumed its uptrend after diving to a weekly low of $2,603. Although momentum was negative for the last six days, it turned slightly positive on Thursday, as seen by the Relative Strength Index (RSI) aiming up. However, XAU/USD must clear the October 8 daily high of $2,653, so buyers can remain hopeful of challenging the YTD high at $2,685.If Gold clears $2,653, the next resistance would be the $2,670 area, ahead of $2,685. Conversely, if XAU/USD stays below $2,650, this could sponsor a leg-down toward the $2,600 figure. A breach of the latter will expose the 50-day Simple Moving Average (SMA) at $2,540. Register link https://41p9t7wkj.kvbii.com #KVB #tradingindonesia #tradinggermany #tradergold #germany #IB #Businessmanager #Relationship #Relationshipmanager #indonesia #vietnam #Signal #COPYTRADE #XM #Exness #mytradingstory #forexmarket #FOLLOWMEGuideBook #OPINIONLEADER #tradingvietnam #trader #tradingview