Gold

Key Indicators

• Gold has broken above the key resistance zone and 50-SMA, signaling a short-term bullish shift after weeks of lower highs and lower lows. Buyers remain in control, but a pullback toward the breakout zone could offer a better entry.

Fundamental Context

Looking ahead, gold investors and traders will closely monitor the release of the US ADP employment report and the ISM Services Purchasing Managers’ Index.