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Gold: Markets Quiet Ahead of Jobs Number

From dailyforex.com

The gold markets have done very little during the trading session on Thursday as we await the jobs number for Friday. We are sitting just on top of a gap, which of course is an area that could offer a little bit of a support barrier. The $1900 level is significant from a psychological standpoint as well, but the fact that there is also a gap there, and of course a downtrend line also, then it means that we could see plenty of buyers in that general vicinity. At the very least it makes quite a bit of sense that there would be a lot of interest. Going into the jobs number on Friday though, it is a bit difficult to get ... (full story)

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  • Category: Technical Analysis