Gold Price (XAU/USD) Faces Crucial Resistance as US-China Trade Hopes Boost Sentiment Before NFP Data Release
Key Points:Gold (XAU/USD) rebounds from support of $3,350 ahead of NFP data. US Treasury yields (TNX) rebound from the 50-day SMA around 4.33%.US Dollar Index (DXY) consolidates around the long-term support at 98.Gold (XAUUSD) corrected from the resistance at $3,410 as market sentiment turned risk-on following a positive phone call between US President Donald Trump and Chinese President Xi Jinping. Trump described the conversation as “positive” and hinted at renewed trade discussions, reducing s