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XAUUSD: Back to Growth Prospects as Price is about to Break Key Bearish Corridor
The dollar rebounded on Thursday after several waves of sell-offs on Tuesday and Wednesday as US economic activity data released over the past two days pointed to potential negative momentum in the economy. Market sentiment was mainly influenced by JOLTS data on vacancies, the Conference Board consumer confidence index and the second estimate of US GDP for the second quarter, which turned out to be noticeably worse than expected. The dollar index on Thursday rose from 103 to 103.50 points ahead of the NFP report. The technical chart shows that the market is struggling to decide on a direction after the breakout of ... (full story)
