XAU/USD (a 4-hour chart)
Gold futures traded close to the 2-month lows as traders took wait and see position before the NFP report.
MACD grew which indicates the sellers’ positions weakening. RSI is heading towards the overbought territory.
Technically, a bearish tone persists in the 4 hours chart. The XAU/USD remains focused on a potential test of 1300. In case of a correction, buyers may push the price to 1316 per ounce.