Precious Metal::: Gold futures is trading at $1,509.25, 0.6% below from its previous close. The precious metal is likely to remain volatile as Initial Jobless Claims data that measures the number of individuals who filed for unemployment insurance for the first time during the past week will be disclosed today. On hourly scale, the index is forming a 'Bullish Flag' pattern which signals for a continuation of uptrend and possess high reliability. The precious metal is trading above 50 hours Moving Average. DMI is on the verge of giving a bullish crossover.