Gold recovers as last week US jobs data fell short of expectation, raising speculation that a QE is not off the table yet ...Commodity currency Aussie dollar was up at 103.5 US cents this morning ...
A short review for those holding gold .. Daily price of gold has not plunge below the critical support of USD 1600 which is on the long term uptrend line ...
On H4 chart, prices have recovered from recent low of USD 1612 and currently hovering at 1652. It is approaching a resistance at 1665 on a short-term downtrend line. Traders will be watching if it breaks out ..
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
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