Gold Stabilizes Below 2,300 USD Amid Market Fluctuations

Gold traded below the $2,300 mark during Friday's U.S. trading session following the release of the Nonfarm Payrolls and Unemployment Rate report. However, gold still maintained stability and closed the session around the $2,300 level.

On the daily chart, gold continues to show an upward trend, despite dipping to $2,227. Technical indicators are still supportive of this trend continuation. The Relative Strength Index (RSI) remains above the 50 midpoint. Nonetheless, the risk of price decline persists if XAU/USD drops below $2,300.
buychartnalysisChart PatternsForexTechnical IndicatorsRelative Strength Index (RSI)resistenceSELLsupportTrend AnalysisXAUUSD

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