Daily Market Report

This morning the U.S. Department of Labor stated that June employment increased by 222,000 workers, much higher than expected . . .

Gold has been locked in a $1,222 to $1,228 per ounce trading range for most of the day . . . .

During the July 4th holiday, Gold moved higher, reaching $1,230 on the news of the North Korean missile launch . . . .

This morning Gold broke below the $1,230 per ounce 200-day moving average . . . .

Going into a long holiday weekend, trading volume is weak . . . .

Gold tested the support level, reaching a low of $1,239.50 before major buyers appeared . . . . 

Gold continues its fight to stay above the key $1,250 per ounce resistance/support level . . . .

After the 1.8 million-ounce Gold sale in just 60 seconds that caused a $20 drop yesterday, we are seeing the market stabilize . . . .

Someone sold 56 tons of Gold (1.8 Million Ounces) in just 60 seconds this morning . . . .

Gold is back on track to $1,300 per ounce after testing support at $1,250 and holding on good trading volume . . . .