Gold price demonstrates a lackluster performance below $1,950.00 as investors await the US labor market data for further action. The precious metal oscillates near the upper portion of the Rising Channel chart pattern formed on a small term frame. The yellow metal stabilizes above the 20- and 50-day Exponential Moving Averages (EMAs), which indicates that the mid-term trend has turned positive.
The Relative Strength Index (RSI) climbs to near 60.00. A decisive break into the range of 60.00-80.00 will likely activate the bullish impulse.
Good buy now 1944-1940
Target 1950
Target 1970