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Gold Forecast and Technical Analysis October 9-13

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Gold Forecast and Technical Analysis October 9-13

Fundamentals:

Gold prices were taken aback early on Friday, despite negative U.S. non-farm payrolls numbers, as traders chose not to focus on a decline of 33,000 positions in September, but paid closer attention to the lower unemployment rate of 4.2% and rising annual wage growth of 2.9%.

Since then, gold prices have recovered from daily lows, with December Comex gold rising to $1,275.80, up 0.20% on the day. News about North Korea triggered Gold prices up.

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This article was written by Emre Tutucu for http://www.fxters.com/gold-forecast-technical-analysis-october-9-13/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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