22 Oct Tuesday Starter

Price is like frozen in between 31850 (USD 1320.94) and 31625 (USD 1311.60) after the spike it had on Thursday. It has not been able to push further upside but neither the sudden spike as Reuters quoted "unexplainable price swings" has been denied. It is clear that besides technical, gold is really waiting for some fundamental components as a catalyst to charge the price. And we may have some later this evening, Non-farm Employment Change, Unemployment Rate, Average hourly earnings and TIC Long Term Purchases are to be released.