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   “¢   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:  1233.2
Trends:
       Daily SMA20:  1226.46
       Daily SMA50:  1209.96
       Daily SMA100:  1207.03
       Daily SMA200:  1247.31
Levels:
       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