Gold Price (XAU/USD) remains in its bearish bias, despite witnessing a jump from around $1802 to $1824 in half an hour on Thursday following disappointing US data. Alternatively, recovery remains elusive below the support-turned-resistance surrounding $1,807. Even so, a three-week-old resistance line near $1,825 and the DMA confluence close to $1,845 could challenge the gold buyers.
Ending the week today, Gold traders will have to pay attention the US ISM Manufacturing PMI for June, Eurozone inflation gauge and Harmonised Index of Consumer Prices (HICP) for new guidance