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  1. Gold Technical Analysis: Breakout Failure

    by , 04-09-2017 at 10:54 AM
    U.S. Non-Farm Payrolls report on Friday showed a gain of only 98K but the underlying metrics were strong with the headline unemployment rate falling to 4.5%, its lowest reading since mid-2007. The under-employment rate (U6) also saw an outsized downtick to the tune of 8.9% from 9.2%. Gold spiked on the release only to reverse sharply early in the US session.

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    Heading into next week, the trade remains vulnerable sub-1258 with interim support ...