In early trading last week consolidation Gold could move against the USD. Gold had even tried to break up with a record daily rise a few days during the week yesterday. XAUUSD highest price achieved at the price of $ 1,423.30 and was seen daily technically promising to keep bang up. But at the end of trading on Friday, had to re-recognize the benefits of Gold USD to record a significant decrease to the level where the price of $ 1377.65 Gold back below the psychological level of $ 1,400.00. Gold trading last week heavily influenced by U.S. economic data continues to have potential towards improvement. Non-Farm Payroll data for the United States was moving better than expected with the addition of 175K jobs, 163K is larger than expected. This time Non Farm Payroll data is not accompanied by improved pengagguran level. The U.S. unemployment rate increased slightly from 7.5% to 7.6%. Even if increased, but this fact does not make the investor to conclude to buy Gold, but the opposite actually happens.
Gold is still in bearish sentiment during 2013's. Seen on the chart below trend shown in Gold as well as the public sentiment is still there under, and has not shown any signs of improvement
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