Gold Technical Analysis for 6-June-16

Gold has seen a rise of 0.04% since Friday and is currently trading at $1240.6. The Gold augmented after US released Non-farm data which demonstrated an actual figure of 38K against the estimate of 159K. In addition, the U.S ISM Non-manufacturing PMI decreased to 52.9 lower than preceding figure of 55.7 which further supported the Gold.

· Resistance — $1256.78-$1269.16

· Pivot- $1231.71

· Support — $1217.33-$1191.26

· Expected Trend — Bullish