On Thursday (1/7), the price of gold has the potential to experience pressure amid the market was waiting for the government's version of the US employment data to be released on Friday evening this week.

"The market expects this data result to be better than market expectations, following the US employment data version of the private company Automatic Data Processing (ADP) which was released last Wednesday night and the results are better than market expectations," said Commodity Observer Ariston Tjendra in Jakarta.

According to Ariston, today, the price of gold is still under pressure as long as the price stays below the resistance range of US$1,780 per troy ounce.

"Potential for a decline back to the range of yesterday's lows around US$1,753 per troy ounce. While a break above US$1,780 per troy ounce opens strengthening to the area of US$​​1,790 per troy ounce," he said.

As for tonight, the Institute for Supp