Analysis of today's market

Gold (XAU/USD) edges lower during a voltile trading day on Friday. The precious metal briefly rose to the $2,760s after the release of US Nonfarm Payrolls (NFP) data showed a decline to only 12K in October, falling well below the 113K expected and the revised-down 223K of September. However, it has since sold off to the $2,740s.

The yellow metal may have lost ground after mixed data from the US Institute of Supply Managers (ISM). The ISM Manufacturing Purchasing Manager Index (PMI) survey showed a decline in activity and fell to 46.5 in October, from 47.2 in September and fell below the 47.6 expected.

Gold opened at around 2736 and rose to around 2741 at the highest and around 2729 at the lowest before press time.Pay attention to the resistance of 2760-2770-2780. If it fails to break through, it will test 2720-2710-2700