"Dovish" statements and geopolitical pressure in the Middle East are seen to have had a supportive impact on the gold market.
These two things are seen to still be able to be the main factors for the gold market to continue trading high.
However, the price level of $2,458 is seen to be the level where the price of gold performs a "correction" before retesting the highest level of gold at the level of $2,484.
Therefore, the American Nonfarm Payrolls employment data report that will be published this Friday will be the focus.
In addition, the American PMI and "Jobless Claims" data reports tonight are also seen as potentially becoming a "turning point" for the market.
Technical Analysis Based on the daily chart, if gold trades closed today above the $2,450 price level, the price of gold can trade high around the $2,484 level.
But if on the contrary, the "correction" movement can be traded low around the $2,405 level where at that level it becomes the full focus of gold investors.
