Gold is moving sideways ahead of NFP report and speeches by Fed

Fundamental analysis
Gold consolidated above 2,640 dollars per ounce on Tuesday as markets await the Non-Farm Payrolls (NFP) report next Friday and more Federal Reserve officials' speeches, which could provide more clues about the central bank's monetary policy outlook.
On Monday, Fed Governor Christopher Waller said he is disposed to support another rate cut in Dec, while Fed Bank of New York President John Williams suggested a gradual shift toward a more neutral policy stance.
Expectations for another 0.25% rate cut at the 17-18 meeting have significantly increased, with markets currently pricing in a 75% chance of such a move. This would reduce the opportunity cost of holding non-interest-bearing gold, boosting its demand.

Technical analysis
XAUUSD remains in an uptrend after halting its bearish correction at the 61.8% Fibonacci level. In the last few hours, the price has consolidated around 2,640, with the EMAs in a sideways trend, which reaffirms the lack of market definition in the short term.
This is a common range consolidation movement when investors are awaiting important announcements.