Gold extends its choppy trend after refreshing all-time-highs at $2075 in early Asia. The metal lacks a clear directional bias heading into the critical US NFP. ‘Buy the dips’ will remain in vogue alongside the US dollar dynamics amid a resurgence of the US-China tensions. The dollar comeback amid risk-aversion, flagged after US President Trump banned the Chinese apps, stalled the bullish momentum in gold. The US payrolls will remain the key decider for gold’s next direction. Although a correction cannot be ruled out. How is it positioned technically? Key levels to watch The tool shows that the bright metal sees immediate cushion at $2054, which is the pivot point one-month R1 and powerful support. A break below the latter will open floors towards the Fibonacci 61.8% one-day and intraday low at $2049. The next downside target is aligned at $2042, the pivot point one-day S1. Bears may face difficulty clearing the next support at $2038, which is the pivot point one-week R2. Alternatively, a bunch of resistance levels is stacked up around $2061/63, the confluence of the Fibonacci 23.6% one-day, SMA5 four-hour and Bollinger Band one-hour Middle. Further north, the previous day high at $2069 will offer some resistance before the spot retest the record highs, with a target to conquer the $2100 mark. Here is how it looks on the tool About the Confluence Detector With the TCI (Technical Confluences Indicator) tool, you can easily locate areas where the price can find a support zone or resistance zone and make trading decisions. If you are a short-term trader, you will find entry points for counter-trend strategies and hunt a few points each time. Learn more about Technical Confluence FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex Today: Dollar ticks up after Trump’s TikTok move, all eyes on Non-Farm Payrolls FX Street 2 years Gold extends its choppy trend after refreshing all-time-highs at $2075 in early Asia. The metal lacks a clear directional bias heading into the critical US NFP. ‘Buy the dips’ will remain in vogue alongside the US dollar dynamics amid a resurgence of the US-China tensions. The dollar comeback amid risk-aversion, flagged after US President Trump banned the Chinese apps, stalled the bullish momentum in gold. The US payrolls will remain the key decider for gold’s next direction. Although a correction cannot be ruled out. How is it positioned technically? Key levels to watch The tool shows that the bright… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.