A strong NFP number would be the second in a row and give the dollar a boost, pressuring gold - we may see a test of 1180 if the number is particularly strong. On the other hand, a weak number will give gold a boost and we would be watching the 1250-1260 area for signs of resistance and an indication of the strength of the move.
The down trend is still in play and gold needs to move higher than 1295 to signal an end to this and suggest a new rally leg is underway.
Support can be found at 1225-1227, 1217, 1212, 1200-1207 and 1180. A break of 1180 would have serious bearish implications for gold and suggest a decline to 1000-1050 in the short term.
Resistance can be found at 1250, 1260, 1270, 1277-1280 and 1291-1295. A break above 1295 would suggest an end to the down trend, though it would take a break of 1360 to confirm this was the case.
Today's video for subscribers looks at the recent trading in more detail and our strategy for our next trade.