Gold Below $1,100

Gold broke the psychological level of $1,100 on Friday with far above expectations NFP's. Immediately before the results were published, Gold was trading around $1,105 and then drastically declined more than $10 in less than a second circulating for a while around $1,092-$1,094.

This wasn't enough for the bears so they pushed the price further down with $7-9 more to form a bottom of $1,085.

Now, Gold is taking a breather trading around $1,094 with really tight volumes. First level of support is $1,077, second support is $1,073 and the strongest support is $1,062.

Chart: XAUUSD W1