Technical Analysis:
GOLD is at 1H bearish FVG and nearby 1H bearish order block we can look for selling opportunities around this zone if price gives us an MSS on 5min tf.
Fundamentals:
Gold prices held steady on Wednesday as investors braced for a monthly U.S. payrolls report that could influence how swiftly and deeply the Federal Reserve cuts interest rates this year.
Spot gold held its ground at $2,493.34 per ounce by 0200 GMT after hitting its lowest level in more than a week on Tuesday. U.S. gold futures were nearly unchanged at $2,524.80.
Economists surveyed by Reuters expect the non-farm payrolls report on Friday to show an increase of 165,000 jobs in August, up from a rise of 114,000 in July. Before that, job openings data on Wednesday and the ADP employment and jobless claims reports on Thursday will be in the spotlight.
Traders see a 41% chance of a 50-basis-point (bp) rate cut on Sept. 18 and a 59% chance of a 25-bp reduction, according to the CME Group's FedWatch Tool.
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