Key macro release of the day - ADP employment data for June - is scheduled for 1:15 pm BST. The report is an important and final hint ahead of the release of the official US jobs report on Friday (1:30 pm BST). However, it should be noted that ADP has been quite a poor predictor of NFP readings in recent months. Nevertheless, another steep employment increase is expected. Better-than-expected that may have a positive impact on USD, which may exert some pressure on gold prices. Key support for gold can be found in the $1,750 area. Weaker-than-expected print may give gold a lift. Short-term resistance can be found at 61.8% retracement.
Source: xStation5
Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide
BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher
BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉
DE40: Adequate data, Mild growth