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Gold Still Trading Within Downtrend Channel

US dollar is trading higher today against all its major counterparts after the upbeat Non-farm Payroll data. Gold also went down after the release, however on the 4 hour chart we can see the pair didn't breakout from the downward sloping channel and continued to trade within this. 1277.47 seems to be a key support which might keep the pair above it. Any breakout below this support will give a bearish confirmation.