Gold falls on Stronger Dollar

Today Gold climbed to $1197/oz in the opening minutes only to fall back to where it was last week and is currently trading at $1185-$1187/oz. The trend looks neutral and a move south could mean that we could witness a continuation of the downward movement. A break below the support line of $1184 would indicate pressure from the bear side, while a break above the $1194 would mean that the bulls are making their move. 

In the longer-term resistance rests between 1198-1209, whilst 1180-1172 remain strong supports. 

The biggest events for the week are US Unemployment Rate and USD Change in Non-farm Payrolls and are scheduled for Friday, 12:30 GMT.