The US jobs data come in weaker than expected and with the FED...

The US jobs data come in weaker than expected and with the FED intending on holding rates until June, sent the USD lower. Hence we will now see more institutional money going into gold and currencies like the AUD which favors the carry trade; current AUS retail trade figures are pointing to a rate hike in February confirming the bullish AUD and XJO view.

The chart above is a calculation of my algorithmic method indicating buy sell and target prices for the week. The daily chart is used only as a reference not indicative of the time frame used. The green arrow indicates the buy zone and the red arrow indicates the sell zone for the week 11/1/10-15/1/10. The area in between the buy1 and sell1 arrows is considered as noise or vibrations and is not recommended for safe trading, due to its high volatility.