Gold price, page-3317

We'll get the NFP ("Employment Situation") from US BLS at exactly 10:30 pm AEST. I generally Post it on GOLD Forum in real time (unless I get of the house, which is unusual).
At this point all we have is the recent ADP (payrolls) report of a couple of days ago.
Personally - and I've said this on that crazy Forum repeatedly - I don't expect a rate hike before the Nov. Elections, and prob. not until Inauguration Day (Jan 20, 2017), and I've been right up until now. If it's a good number the Fed will react and say they need more data to determine if the May miss was an outlier, a freak. Regardless, nothing will happen. If it's good number, markets will overreact immediately and push the dollar up, and gold down, good for those with dry powder for Monday, but this will be ephemeral. There will be no rate hike. They promised 4 hikes this year last Dec. , then cut it back to 2, and it's already July and we've seen none. Yellen already capitulated in her speech at the NY Economic Club speech in March 2016. The rest is BS, just talk, noise.
Tonight 10:30 pm AEST , the right hand side of this table will have the Actuals.....


Here are the current Fed Futures expectations for Fed Funds Rates - UNCHANGED for late July meting (FWIW....of course this could change at 10:31 pm AEST...)

I find that currency and debt markets are the best guide....to everything. 10 Year US T-Notes at historic lows of 1.38%...not been seen before....ever. Same is also true in Oz, with Comm. Govt. 10 Years at 1.8%.
And the best currency guide is the USDJPY (but Yen rising for a multitude of reasons, like repatriation of foreign investments as the Shiite increasingly hits various fans...i.e, buying back their Yen as they get out of increasingly risky foreign investments ("the carry trade"), despite their higher Yields ...wherever they are...) ....hence the rising Yen, and of course the USDEUR.
If expectations of a rate hike, USD would be rising.
I don't see it:
USDEUR ("fiber") - DAILY...pretty stable






Having said all that, I have no clue as to the NFP (other than the ADP report...i .e they do the payrolls for a plethora of US companies....which is generally pretty close to target, despite the odd discrepancy).
I sold a lot of golds into strength this week, to build cash in case of (inevitable) pullback from gold's 2+ year highs...which is exactly what we see in BDR. So I bot more (BDR) today; whether that was smart, and I should have waited for the low 40's.....I can't say...only time will tell. Having a stiff drink(s) at end of day / week didn't help....it never does....
In conclusion
BDR - DAILY: - Note. Actual close was 47.5, not 48c..I will have to advise tradingview.com of data error. They just introduced ASX support (at my urging as far as I know). And last trade was not Chi-x

P.S for the record XAUUSD at low of session now... USD 1,354 and change.