Precious Metal::: MCX Gold is trading at 38,416 levels, similar to its previous close. The precious metal is likely to dance on the tunes of U.S. Bureau of Labor Statistics which will report Non-Farm Payrolls data that scrutinize the deviation in the number of people employed during the previous month, excluding the farming industry. On hourly scale, the yellow metal is flirting with 61.8% retracement as per Fibonacci analysis. The counter is trading above 89 hours (High-Low) Moving Average. RSI is trading near 58.40 levels showing signs of exhaustion in the uptrend. Bollinger Bandwidth is hinting for lower standard deviation.