Investors for investors when they saw prices maintaining a spike on Thursday's trading.
Note the price movement on the Xau/USD price chart that measured the value of gold against the US dollar yesterday, the price continued the increase last Wednesday and passed the 1850.00 zone.
Bullish signals are evaluated after the price has also passed the Moving Average 50 (MA50) barrier on the 1 -hour frame on the Xau/USD chart restoring the gold drop at the beginning of the week.
The more significant US dollar in a New York session yesterday after the US private sector job data had opened up a bigger space for increasing gold commodities.
Yesterday's spike saw gold return to the height of 1870.00 which was one of the important zones in the current gold trading.
Continuing in the Asian session this morning (Friday), the price hovering over the 1870.00 zone then returned to decline below the zone but at a weak momentum.
It is possible that gold prices can continue to rise higher, but the results of the US NFP job data report will be decided.
If the reading remains weak following the ADP data report yesterday and prompting US dollar further, gold prices can jump higher over the 1870.00 zone.
As the increase goes on, the next target of gold is to head to the 1900.00 zone to record the latest 4 weeks height.
However, if the price of gold returns, the decline can take place back to the 1850.00 zone which is one of the important zones of the price.
And the further decline will be headed to the RBS (Resistance become Support) zone at 1830.00.
