Gold Technical Analysis: Struggles to build on positive momentum, upbeat NFP report capped gains

   •  The precious metal managed to rebound from 50% Fibonacci retracement level of the $1180-$1243 recent upsurge on Wednesday, though struggled to build on the overnight upsurge following the release of upbeat NFP report.

   •  However, technical indicators on hourly/daily charts have been holding in bullish territory and support prospects for an extension of the positive momentum/additional intraday gains.

   •  Moreover, given that the commodity remains well above important intraday moving averages - 50, 100 & 200-hour SMAs, adds credence to the near-term constructive outlook. Gold 4-hourly chart

XAU/USD

Overview:    Last Price: 1233.45    Daily change: 25 pips    Daily change: 0.0203%    Daily Open: 1233.2Trends:    Daily SMA20: 1226.46    Daily SMA50: 1209.96    Daily SMA100: 1207.03    Daily SMA200: 1247.31Levels:    Daily High: 1237.6    Daily Low: 1214.4    Weekly High: 1243.43    Weekly Low: 1219.9    Monthly High: 1243.43    Monthly Low: 1182.54    Daily Fibonacci 38.2%: 1228.74    Daily Fibonacci 61.8%: 1223.26    Daily Pivot Point S1: 1219.2    Daily Pivot Point S2: 1205.2    Daily Pivot Point S3: 1196    Daily Pivot Point R1: 1242.4    Daily Pivot Point R2: 1251.6    Daily Pivot Point R3: 1265.6

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