gold jinyu Nov. 10th gold price trend analysis *LINK*

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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.

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