The price of gold rallied after the US Labor Department reported a slightly higher than expected unemployment rate for August. For the beginning, we need a break above the previous high from Friday and test the $1720 level. Gold has support at the MA20 and MA50 moving averages. If we climb above the $1720 level, we would have a solid chance of continuing the bullish recovery. The next target is at the $1730 level. Additional resistance at that point is in the MA200 moving average. A potential higher target is at the $1740 level. We need a negative consolidation and a price drop below the $1710 level for a bearish ... (full story)