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Gold Facing Volatile Week as US NFP's Fall Due

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Gold is facing a tough week as prices near 2009 levels, but what lays ahead for the previous metal given the pending US NFP result and an eternally bullish US Dollar. Gold continued to slide lower last week as the market sentiment swung strongly towards the US Dollar. The move was also fuelled by a strong US Unemployment Claims result at 260k, which saw the metal closing the week down near the 6 year low at $1057.07. The coming week will be a volatile one for Gold as the much watched US

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