06 February 2016

Gold : Upside Break

  • Good strong weekly close at 1173. Details behind Jan NFP numbers (strong hourly earnings, UR below 5%) have led FX and Rates markets to price some Fed hikes back in, and yet gold was able to break higher. Good sign.
  • Updated weekly and daily charts on the right. Next resistance 1192.
  • See next post for bigger picture and upside possibilities.

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