Gold prices surged higher on Friday rising 1.8% as trade turmoil and a smaller than expected rise in non-farm payrolls. The prior month employment report was also revised lower. Hourly earnings were also smaller than expected which means that the Fed will likely moderate future rate hikes. Gold prices surged higher breaking through the October highs at 1,244 which is now seen as short term support. Resistance is seen near the 50-day moving average at 1,257. Short-term momentum has turned positive as the fast stochastic generated a crossover buy signal. The MACD (moving average convergence divergence) histogram is ... (full story)