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Gold traders still undecided about direction

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Friday saw a big reversal in the price of gold following the publication of the US jobs report for the month of September. It is fair to say that the jobs data surprised a few people and confused others, causing both the dollar and stock markets to initially drop while gold surged higher. The initial reaction to the poor US jobs report suggests that investor concerns about the weakening of global economic recovery intensified further, which is probably why the equity markets fell. However

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