Last week, the major risks to the currency fell sharply and ended, mainly due to debt problems continued to spread in Europe, spreading panic investors, while U.S. economic data recently published a number of beautiful show, especially the sharp rise in non-farm employment data this can not restore the currency risk defeat, and thus the price of gold declines by strangulation.

Strong dollar offset the positive effect of non-agricultural, gold only makes the amplitude of the expansion, the current gold hedging, seems to have restored, spot gold was by the recent Middle East tension between Iran and the West’s support.

European Central Bank will continue to focus this week with the Bank of England interest rate decision and the German-French summit meeting for new breakthroughs, focusing on tracking bond auctions in Italy and Spain, as the two economies more vulnerable to the euro area, this will be the market of the euro the best asset recognition test.

From a technical point of view, gold will remain on the triangle diagram current range-bound, see the triangle on the top of the resistance near the rail 1678.80, 1560.15 near the bottom of the initial support, and further support at 1560.20 near a major boost from the news until a range of gold broke the triangle will form a unilateral movement.