A combination of dollar strength this week coupled with solid performance in U.S equities have created pressure in the safe haven class limiting any real upside move for gold pricing.

Gold futures are trading under pressure today, with the most active April 2019 contract currently down $5.60 and fixed at $1316.50. However, it is the low that has generated the most interest on a technical basis.

In light of an incredibly strong jobs report today gold pricing held up rather well. This morning the U.S Labor Department reported that there were 304,000 new jobs added in January.