Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite

DailyFX2021-08-03

GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS Gold prices eye Friday’s US non-farm payrolls report for direction NFP print key to Fed’s economic outlook, Jackson Hole in view Crude oil prices trade ...

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Comments

Jdheng1
2021-08-03
Jdheng1
Like please
Jlhyz
2021-08-03
Jlhyz
Like pls
Alvinlimsg
2021-08-03
Alvinlimsg
Hi
- Alvinlimsg:
  Hi
JackieYK
2021-08-03
JackieYK
加油
- Charkie:
  Haha
Khoogl
2021-08-03
Khoogl
Done
deadcow
2021-08-03
deadcow
ohya

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Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.\nThat said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.\nThe Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.\nElsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.\nGOLD TECHNICAL FORECAST:\nGold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.\nGOLD DAILY CHARTChart created withTradingView\nCRUDE OIL TECHNICAL FORECAST\nCrude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.\nCRUDE OIL DAILY CHARTChart created with TradingView","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":804442440,"gmtCreate":1627976137180,"gmtModify":1703498940502,"author":{"id":"3581627855404547","authorId":"3581627855404547","name":"Jdheng1","avatar":"https://static.tigerbbs.com/9b35fda9ba795c0afd124edd5f6a698b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581627855404547","authorIdStr":"3581627855404547"},"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804442440","repostId":1158866167,"repostType":4,"repost":{"id":"1158866167","pubTimestamp":1627970248,"share":"https://ttm.financial/m/news/1158866167?lang=&edition=fundamental","pubTime":"2021-08-03 13:57","market":"other","language":"en","title":"Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite","url":"https://stock-news.laohu8.com/highlight/detail?id=1158866167","media":"DailyFX","summary":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report ","content":"<p><b>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS</b></p>\n<ul>\n <li>Gold prices&nbsp;eye Friday’s US non-farm payrolls report for direction</li>\n <li>NFP&nbsp;print key to Fed’s economic outlook, Jackson Hole in view</li>\n <li>Crude oil prices&nbsp;trade down to support at key moving average</li>\n</ul>\n<p>The price of gold is largely unchanged this week despite a lackluster&nbsp;US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.</p>\n<p>That said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.</p>\n<p>The Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.</p>\n<p>Elsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.</p>\n<p><b>GOLD TECHNICAL FORECAST:</b></p>\n<p>Gold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.</p>\n<p><b>GOLD DAILY CHART</b><img src=\"https://static.tigerbbs.com/51c429fe46fb0dad8dad6862370c47a1\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created withTradingView</p>\n<p><b>CRUDE OIL TECHNICAL FORECAST</b></p>\n<p>Crude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.</p>\n<p><b>CRUDE OIL DAILY CHART</b><img src=\"https://static.tigerbbs.com/8a4cbf40ccc68545c486afa32063b83a\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created with&nbsp;TradingView</p>","source":"lsy1568971417606","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 13:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html><strong>DailyFX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade ...</p>\n\n<a href=\"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158866167","content_text":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade down to support at key moving average\n\nThe price of gold is largely unchanged this week despite a lackluster US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.\nThat said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.\nThe Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.\nElsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.\nGOLD TECHNICAL FORECAST:\nGold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.\nGOLD DAILY CHARTChart created withTradingView\nCRUDE OIL TECHNICAL FORECAST\nCrude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.\nCRUDE OIL DAILY CHARTChart created with TradingView","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":804458341,"gmtCreate":1627974703183,"gmtModify":1703498921807,"author":{"id":"3578092998513325","authorId":"3578092998513325","name":"Jlhyz","avatar":"https://static.tigerbbs.com/8a05d401ae56ca5fc2b7c0a097a1e24b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578092998513325","authorIdStr":"3578092998513325"},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804458341","repostId":1158866167,"repostType":4,"repost":{"id":"1158866167","pubTimestamp":1627970248,"share":"https://ttm.financial/m/news/1158866167?lang=&edition=fundamental","pubTime":"2021-08-03 13:57","market":"other","language":"en","title":"Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite","url":"https://stock-news.laohu8.com/highlight/detail?id=1158866167","media":"DailyFX","summary":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report ","content":"<p><b>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS</b></p>\n<ul>\n <li>Gold prices&nbsp;eye Friday’s US non-farm payrolls report for direction</li>\n <li>NFP&nbsp;print key to Fed’s economic outlook, Jackson Hole in view</li>\n <li>Crude oil prices&nbsp;trade down to support at key moving average</li>\n</ul>\n<p>The price of gold is largely unchanged this week despite a lackluster&nbsp;US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.</p>\n<p>That said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.</p>\n<p>The Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.</p>\n<p>Elsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.</p>\n<p><b>GOLD TECHNICAL FORECAST:</b></p>\n<p>Gold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.</p>\n<p><b>GOLD DAILY CHART</b><img src=\"https://static.tigerbbs.com/51c429fe46fb0dad8dad6862370c47a1\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created withTradingView</p>\n<p><b>CRUDE OIL TECHNICAL FORECAST</b></p>\n<p>Crude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.</p>\n<p><b>CRUDE OIL DAILY CHART</b><img src=\"https://static.tigerbbs.com/8a4cbf40ccc68545c486afa32063b83a\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created with&nbsp;TradingView</p>","source":"lsy1568971417606","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 13:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html><strong>DailyFX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade ...</p>\n\n<a href=\"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158866167","content_text":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade down to support at key moving average\n\nThe price of gold is largely unchanged this week despite a lackluster US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.\nThat said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.\nThe Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.\nElsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.\nGOLD TECHNICAL FORECAST:\nGold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.\nGOLD DAILY CHARTChart created withTradingView\nCRUDE OIL TECHNICAL FORECAST\nCrude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.\nCRUDE OIL DAILY CHARTChart created with TradingView","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":804451344,"gmtCreate":1627974579088,"gmtModify":1703498920838,"author":{"id":"3578802764506490","authorId":"3578802764506490","name":"Alvinlimsg","avatar":"https://static.tigerbbs.com/da35fe6140e90255fcfc90ff4acbfeb7","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":1,"idStr":"3578802764506490","authorIdStr":"3578802764506490"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/804451344","repostId":1158866167,"repostType":4,"repost":{"id":"1158866167","pubTimestamp":1627970248,"share":"https://ttm.financial/m/news/1158866167?lang=&edition=fundamental","pubTime":"2021-08-03 13:57","market":"other","language":"en","title":"Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite","url":"https://stock-news.laohu8.com/highlight/detail?id=1158866167","media":"DailyFX","summary":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report ","content":"<p><b>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS</b></p>\n<ul>\n <li>Gold prices&nbsp;eye Friday’s US non-farm payrolls report for direction</li>\n <li>NFP&nbsp;print key to Fed’s economic outlook, Jackson Hole in view</li>\n <li>Crude oil prices&nbsp;trade down to support at key moving average</li>\n</ul>\n<p>The price of gold is largely unchanged this week despite a lackluster&nbsp;US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.</p>\n<p>That said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.</p>\n<p>The Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.</p>\n<p>Elsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.</p>\n<p><b>GOLD TECHNICAL FORECAST:</b></p>\n<p>Gold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.</p>\n<p><b>GOLD DAILY CHART</b><img src=\"https://static.tigerbbs.com/51c429fe46fb0dad8dad6862370c47a1\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created withTradingView</p>\n<p><b>CRUDE OIL TECHNICAL FORECAST</b></p>\n<p>Crude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.</p>\n<p><b>CRUDE OIL DAILY CHART</b><img src=\"https://static.tigerbbs.com/8a4cbf40ccc68545c486afa32063b83a\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created with&nbsp;TradingView</p>","source":"lsy1568971417606","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 13:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html><strong>DailyFX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade ...</p>\n\n<a href=\"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158866167","content_text":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade down to support at key moving average\n\nThe price of gold is largely unchanged this week despite a lackluster US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.\nThat said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.\nThe Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.\nElsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.\nGOLD TECHNICAL FORECAST:\nGold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.\nGOLD DAILY CHARTChart created withTradingView\nCRUDE OIL TECHNICAL FORECAST\nCrude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.\nCRUDE OIL DAILY CHARTChart created with TradingView","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5412066,"gmtCreate":1627974586994,"gmtModify":1663231862947,"authorId":3578802764506490,"author":{"id":3578802764506490,"idStr":"3578802764506490","authorId":3578802764506490,"name":"Alvinlimsg","avatar":"https://static.tigerbbs.com/da35fe6140e90255fcfc90ff4acbfeb7","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.10","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":804451344,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":804450784,"gmtCreate":1627974384248,"gmtModify":1703498917584,"author":{"id":"3586831913115151","authorId":"3586831913115151","name":"JackieYK","avatar":"https://static.tigerbbs.com/e854e17938ff3c26c2bc6973a39aa0c2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586831913115151","authorIdStr":"3586831913115151"},"htmlText":"加油","listText":"加油","text":"加油","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/804450784","repostId":1158866167,"repostType":4,"repost":{"id":"1158866167","pubTimestamp":1627970248,"share":"https://ttm.financial/m/news/1158866167?lang=&edition=fundamental","pubTime":"2021-08-03 13:57","market":"other","language":"en","title":"Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite","url":"https://stock-news.laohu8.com/highlight/detail?id=1158866167","media":"DailyFX","summary":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report ","content":"<p><b>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS</b></p>\n<ul>\n <li>Gold prices&nbsp;eye Friday’s US non-farm payrolls report for direction</li>\n <li>NFP&nbsp;print key to Fed’s economic outlook, Jackson Hole in view</li>\n <li>Crude oil prices&nbsp;trade down to support at key moving average</li>\n</ul>\n<p>The price of gold is largely unchanged this week despite a lackluster&nbsp;US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.</p>\n<p>That said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.</p>\n<p>The Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.</p>\n<p>Elsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.</p>\n<p><b>GOLD TECHNICAL FORECAST:</b></p>\n<p>Gold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.</p>\n<p><b>GOLD DAILY CHART</b><img src=\"https://static.tigerbbs.com/51c429fe46fb0dad8dad6862370c47a1\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created withTradingView</p>\n<p><b>CRUDE OIL TECHNICAL FORECAST</b></p>\n<p>Crude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.</p>\n<p><b>CRUDE OIL DAILY CHART</b><img src=\"https://static.tigerbbs.com/8a4cbf40ccc68545c486afa32063b83a\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created with&nbsp;TradingView</p>","source":"lsy1568971417606","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 13:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html><strong>DailyFX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade ...</p>\n\n<a href=\"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158866167","content_text":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade down to support at key moving average\n\nThe price of gold is largely unchanged this week despite a lackluster US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.\nThat said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.\nThe Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.\nElsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.\nGOLD TECHNICAL FORECAST:\nGold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.\nGOLD DAILY CHARTChart created withTradingView\nCRUDE OIL TECHNICAL FORECAST\nCrude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.\nCRUDE OIL DAILY CHARTChart created with TradingView","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5412115,"gmtCreate":1627975070935,"gmtModify":1663231863428,"authorId":3581319229112815,"author":{"id":3581319229112815,"idStr":"3581319229112815","authorId":3581319229112815,"name":"Charkie","avatar":"https://static.tigerbbs.com/092045af35bb6e0708d89b7e687c242b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804450784,"type":1,"supId":0,"prevId":0,"content":"Haha","text":"Haha","html":"Haha"}],"langContent":"CN"},{"id":804413037,"gmtCreate":1627971166429,"gmtModify":1703498862538,"author":{"id":"3566032787349185","authorId":"3566032787349185","name":"Khoogl","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566032787349185","authorIdStr":"3566032787349185"},"htmlText":"Done","listText":"Done","text":"Done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804413037","repostId":1158866167,"repostType":4,"repost":{"id":"1158866167","pubTimestamp":1627970248,"share":"https://ttm.financial/m/news/1158866167?lang=&edition=fundamental","pubTime":"2021-08-03 13:57","market":"other","language":"en","title":"Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite","url":"https://stock-news.laohu8.com/highlight/detail?id=1158866167","media":"DailyFX","summary":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report ","content":"<p><b>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS</b></p>\n<ul>\n <li>Gold prices&nbsp;eye Friday’s US non-farm payrolls report for direction</li>\n <li>NFP&nbsp;print key to Fed’s economic outlook, Jackson Hole in view</li>\n <li>Crude oil prices&nbsp;trade down to support at key moving average</li>\n</ul>\n<p>The price of gold is largely unchanged this week despite a lackluster&nbsp;US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.</p>\n<p>That said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.</p>\n<p>The Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.</p>\n<p>Elsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.</p>\n<p><b>GOLD TECHNICAL FORECAST:</b></p>\n<p>Gold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.</p>\n<p><b>GOLD DAILY CHART</b><img src=\"https://static.tigerbbs.com/51c429fe46fb0dad8dad6862370c47a1\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created withTradingView</p>\n<p><b>CRUDE OIL TECHNICAL FORECAST</b></p>\n<p>Crude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.</p>\n<p><b>CRUDE OIL DAILY CHART</b><img src=\"https://static.tigerbbs.com/8a4cbf40ccc68545c486afa32063b83a\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created with&nbsp;TradingView</p>","source":"lsy1568971417606","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 13:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html><strong>DailyFX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade ...</p>\n\n<a href=\"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158866167","content_text":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade down to support at key moving average\n\nThe price of gold is largely unchanged this week despite a lackluster US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.\nThat said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.\nThe Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.\nElsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.\nGOLD TECHNICAL FORECAST:\nGold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.\nGOLD DAILY CHARTChart created withTradingView\nCRUDE OIL TECHNICAL FORECAST\nCrude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.\nCRUDE OIL DAILY CHARTChart created with TradingView","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":804419736,"gmtCreate":1627971163525,"gmtModify":1703498862050,"author":{"id":"3579085067033099","authorId":"3579085067033099","name":"deadcow","avatar":"https://static.tigerbbs.com/b73e551a33ab83c745d06a9d890b1f93","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579085067033099","authorIdStr":"3579085067033099"},"htmlText":"ohya","listText":"ohya","text":"ohya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804419736","repostId":1158866167,"repostType":4,"repost":{"id":"1158866167","pubTimestamp":1627970248,"share":"https://ttm.financial/m/news/1158866167?lang=&edition=fundamental","pubTime":"2021-08-03 13:57","market":"other","language":"en","title":"Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite","url":"https://stock-news.laohu8.com/highlight/detail?id=1158866167","media":"DailyFX","summary":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report ","content":"<p><b>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS</b></p>\n<ul>\n <li>Gold prices&nbsp;eye Friday’s US non-farm payrolls report for direction</li>\n <li>NFP&nbsp;print key to Fed’s economic outlook, Jackson Hole in view</li>\n <li>Crude oil prices&nbsp;trade down to support at key moving average</li>\n</ul>\n<p>The price of gold is largely unchanged this week despite a lackluster&nbsp;US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.</p>\n<p>That said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.</p>\n<p>The Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.</p>\n<p>Elsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.</p>\n<p><b>GOLD TECHNICAL FORECAST:</b></p>\n<p>Gold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.</p>\n<p><b>GOLD DAILY CHART</b><img src=\"https://static.tigerbbs.com/51c429fe46fb0dad8dad6862370c47a1\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created withTradingView</p>\n<p><b>CRUDE OIL TECHNICAL FORECAST</b></p>\n<p>Crude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.</p>\n<p><b>CRUDE OIL DAILY CHART</b><img src=\"https://static.tigerbbs.com/8a4cbf40ccc68545c486afa32063b83a\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created with&nbsp;TradingView</p>","source":"lsy1568971417606","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 13:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html><strong>DailyFX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade ...</p>\n\n<a href=\"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158866167","content_text":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade down to support at key moving average\n\nThe price of gold is largely unchanged this week despite a lackluster US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.\nThat said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.\nThe Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.\nElsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.\nGOLD TECHNICAL FORECAST:\nGold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.\nGOLD DAILY CHARTChart created withTradingView\nCRUDE OIL TECHNICAL FORECAST\nCrude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.\nCRUDE OIL DAILY CHARTChart created with TradingView","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":46,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1158866167"}