Last Friday's US Non-Farm Payroll gave Gold the bearish push that we've been looking for, sending price resolutely below 1,300. Generally there is a fear that such news inspired move may not simply be a one-time correction/overreaction. In this case the likelihood of such happening is even higher, as prices were actually trending sideways above 1,306 between Monday and Thursday. Bears did push below 1,300 briefly on Thursday, but recovered quickly and traded sideways once again - giving the impression that prices would have continued trading sideways if not for the NFP push. In this regard, this morning's bearish ... (full story)