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Gold within striking distance of five-year low at 1180 after NFP

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    By now, you’ve no doubt heard about today’s essentially perfect Non-Farm Payrolls number and the resulting surge it’s caused in the dollar. This report, and its resulting implications for Federal Reserve monetary policy will be dissected six ways to Sunday over the next couple weeks, but one of the most pressing developments is the resulting weakness in gold prices. Gold is set to close lower for its eighth consecutive day, with the yellow metal trading nearly 80 points from the levels seen

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