Gold: down on jobs dataGoldOANDA:XAUUSDXBTFXThe price of gold had a mixed week, with around 1% drop on Friday's trading session, after better than expected US jobs data. The non-farm payrolls added 139K new jobs in May, which was a bit higher from anticipated. The strong US jobs market suggests the possibility that the Fed will hold interest rates steady in the coming period. The highest weekly level of gold was at $3,4K, however, it is ending the week at the level of $3.310. The RSI continues to hold levels modestly above the 50 level, which suggests that the market is still not clearly ready to start the path toward the oversold market side. Gold daily lows found a supporting line at MA50. Both MA50 and MA200 continue to move as two parallel lines with an uptrend. The uptrend of the price of gold is still holding on charts. Despite the recent correction, there are two consecutive higher highs on charts, as occurred at the end of May and the one from the previous week. This formation in the technical analysis suggests the probability that the price of gold is heading toward the next peak, probably around $3.430, which was the highest level reached at the beginning of May this year. However, this scenario is for a longer time period. For the week ahead, there is a probability that the price of gold will test the $3,3K level but there is no clear indication that this level might be breached toward the downside. On the opposite side, charts are pointing toward the $3.350, with some lower probability that these levels might be pushed further to the upside.