The market edged lower as capital flows remain on the sidelines, waiting for a catalyst from the Non-Farm Payrolls report.

This morning, gold prices saw a slight increase but failed to break through the strong resistance zone at 5086 – 509x USD/ounce.

This movement indicates that gold is still maintaining its upward momentum, while also reflecting a degree of market caution ahead of the Non-Farm Payrolls report scheduled for release tomorrow.

U.S. equities and oil prices also edged lower, further reinforcing the view that capital flows are moving into a standby mode, ready to rotate into gold once the NFP data or other major news is released.

A rise in gold prices is almost a likely scenario, and the market is simply waiting for the right timing, with a major wave expected to return and push gold back up toward the 5100 – 5200 USD/ounce range within this week.