Posted 2 years ago on Nov. 10, 2014, 2:51 a.m. EST by goldhj
This content is user submitted and not an official statement
International gold price surged from the bottom last trading day. After stabilized at about 1130, gold surged to above 1170 due to the non-farm payroll. In today’s Asia trading time, gold keeps strong, and currently closed about 1175. October non-farm payroll is 214 thousand, which is not as good as expected, this amount indicates that job market is slowing down is pace of improvement. USDX dropt from a high point, gold, on the other hand, gained a big surge. Currently gold daily chart gold price after days of oversell is ready to raise. MACD green bar is shorten and that favors gold’s rebound, trading long would be a good choice.