On Friday morning, the yellow metal was located at the 1,319.82 mark. Besides, the 55-hour simple moving average supported the rate during the morning hours.
In regards to the near-term future, it is expected that the gold will meet the upper boundary of the descending pattern line at 1,325.00 to bounce off to the 1,320.00 level.
On the other hand, the yellow metal could break through the resistance level of the pattern line at 1,325.00 during today’s US Dollar during today’s US Employment data sets release at 13:30 GMT.
