Gold and silver priced in USD both fell after Friday’s highly anticipated US jobs report. The US NFP data reported 248K jobs added in September, while the unemployment rate fell to 5.9%, the lowest in 6 year. This boosted the USD and naturally pulled down anything priced in the USD. As we begin a new week, we see price dipping further below an already sharply bearish daily candle. The 1180.20 level is the 2013-2014 low. As the daily RSI pushes into oversold territory, we should expect at least some near-term consolidation. However, the upside should be limited to 1220. A break above 1240 could be a sign of bullish ... (full story)