Gold is becoming a popular investment option as its value has increased while the US Dollar and Treasury yields have decreased.
This may be due to the anticipation of rate cuts from the Federal Reserve, leading to a weaker currency.
However, if the US non-farm payrolls data shows a strong print, it could reduce gold's appeal.
Despite this, gold is expected to break above its May 19 high at $1984.25, indicating a positive long-term trend.
To confirm the uptrend, gold will return to the new resistance zone 1975 to test, maybe I will consider buying gold around 1972.
Do you expect gold to rise or fall tonight?