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Metals: US Jobs Report Will Be Market's Focus

So in the gold market, this is still a very bullish situation. This is the monthly chart, you still closed up nearly one percent for the month so I don't see anything bearish looking there. When I take a look at the weekly closes-only chart, well, I can see the correction that's set in half a percentage point, and at any point, you might want to fall back to wherever this 18-week average is. Now that average is moving right now: it's at $2228. The week before it was $2211, and the week before $2194. So, let's say it's moving 14-15 points at a time. So, it's probably going to come into the $2240s.

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Gold Seek -- Peter Spina