Gold Up Amid Uncertainty

Gold is trading at a 2.5 month high in today's session amid uncertain times in the US economy. More specific, the Trump wave seems to be wearing off and now markets would need something fresh to stir the environment and create volatility.

The precious metal reached a high of $1,224 and is now trading at $1,217. If the trend keeps on going we might see Gold above immediate resistance at $1,230 to a probable bull target at $1,300. All eyes are now on the US economy and the latest NFPs and Jobs report scheduled for tomorrow 8:30EST.

Should we get bad news, Gold is destined to shine again. High volatility can be expected tomorrow in the Gold and currency market as this would be the first major report under Trump's administration.

Chart: XAU/USD D1