Precious Metal::: MCX Gold is trading at 38,870 levels, similar from its previous close. The precious metal opened on a flat not and started drifting lower as investors were shifting their liquidity from precious metal after U.S. Trade representative confirmed a meet with China for negotiating the ongoing tariffs but bounced back after U.S. Bureau of Labor Analysis revealed a slippage in Non-Farm payrolls to 130K levels. On hourly scale, the precious metal has filled its gap and bounced sharply. The yellow metal is trading below 100 hours Moving Average. Stochastic oscillator has given a bullish crossover.