30 July 2019 : Where Gold concludes this week will be influenced by US-China trade talks in Shanghai, the Federal Reserve meeting on Wednesday and most importantly, the US jobs report on Friday.

Gold will find itself under pressure if the Federal Reserve is less dovish than expected and US jobs data on Friday dishes out an upside surprise. With anything on the table, the precious metal may remain rangebound until a catalyst is triggered. Focusing on the technical picture, prices are trading around $1425 as of writing. An intraday breakout above $1430 should encourage a move towards $1450.

Reporting for EasyKobo on Tuesday , 30 July 2019 in Lagos, Nigeria

Source: Lukman Otunuga, Senior Research Analyst at FXTM