The gold markets rose higher on Thursday, but remain quiet as the Non-Farm Payroll report looms later today. The recent consolidation area is still holding, but the upward pressure is starting to show itself as the lows are starting to get slightly higher. The gold market has recently sold off hard, and this “rebuilding” process is quite normally and healthy. After the NFP report, we would buy on signs of strength. A breaking of the $1,600 level will send this market much lower.
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