Investors are looking ahead to data on the ISM services sector index and initial jobless claims, both of which are scheduled for release along with US NFP data on Friday.
Data released on Wednesday showed NFP figures rose more than expected in September, suggesting the labor market remains strong.
According to the CME FedWatch Tool, the probability of the Fed cutting interest rates by 50 basis points has decreased. The market is now pricing in a 37% chance of that happening, down from 49% last week.
Gold tends to gain in a climate of low interest rates and political uncertainty.
Data released on Wednesday showed NFP figures rose more than expected in September, suggesting the labor market remains strong.
According to the CME FedWatch Tool, the probability of the Fed cutting interest rates by 50 basis points has decreased. The market is now pricing in a 37% chance of that happening, down from 49% last week.
Gold tends to gain in a climate of low interest rates and political uncertainty.
Note
BUY gold 2649TP1: 2658
TP2: 2666
SL: 2640
Note
Hit TP 1 : + 150 pips 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.