Gold Stabilises Above $1,800 mark, Markets eye U.S. JOLTS Job Openings Data, $8+ Volatility Likely; July 07, 2021

U.S. JOLTS (Job Openings and Labor Turnover Survey) Job Openings:

Today’s U.S. session will be important as U.S. will release JOLTS Job Openings at 1400 GMT/1930 IST and thereafter later in the U.S. Session FOMC Meeting Minutes will be there. It’s released late, but can impact the market because job openings are a leading indicator of overall employment. If Actual results are greater than ‘Forecasted’, it is good for currency.

Let’s see how Gold has reacted during the previous data release:
June 08:

May 11:

Technical View:

XAU/USD (Gold):

  • Gold rises gradually on Wednesday and stabilizes above $1,800 mark.
  • The pair made intraday high at $1,808 and low at $1,793 mark.
  • A day chart is bearish trend while H1 chart with triple EMA suggests up trend for the time being.
  • A sustained close above $1,812 on H1 chart requires for the upside rally.
  • Alternatively, consistent close below $1,794 will check key supports.
$1,789 $1,815
$1,784 $1,819
$1,778 $1,824
$1,772 $1,830
$1,767 $1,834

Take a look and do trade wisely!
Good Luck

Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts



Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Mail us

Drop mail at:

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Limited is registered and regulated by FINANCIAL SERVICES COMMISSION (FSC) MAURITIUS with a registration number GB21026474

TP Global FX Limited is registered and regulated by Financial Services Commission, Mauritius with a registration number GB21026474

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

mappin at-sign phone close