Forex

Beware of the triple top in gold


2025-11-12 00:54:00

Gold has caught a bid again after weaker US jobs data on Tuesday

  • investingLive Americas market news wrap: Weekly ADP employment cools

The expectation is that the cooling jobs data ratchets up the chance of a Fed rate cut.

Gold caught a bid.

Checking out the chart you can see a clear top just above where we are.

I suspect it won;t hold for long. Gold seems to be back in favour!

This article was written by Eamonn Sheridan at investinglive.com.

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