Gold seems like it’s setting up to continue its upward trajectory ahead of labour data in the US tomorrow. However, gains are likely to be capped until the data is released to gauge the strength of the US economy. Currently, the so called ‘safe-haven’ asset is trading at around $2,516 an ounce. The resistance along the upper trendline of the channel is back in focus in the near term, though this may not be tested until at least tomorrow. If tested in today’s session, it is unlikely to see a break above it. The price along the trendline reads approximately $2,541. Towards the downside, investors and traders will be hoping to uphold the support at $2,471. As a break below here may see a pullback towards $2,432, which also corresponds with the lower trendline of the channel offering additional support. Heading over to the indicators, the MACD is still bearish, raising the question of whether the selling pressure is starting to fade. But the RSI has ticked back up to bullish, reading 59. Hence, the outlook is understandably mixed ahead of jobsl report tomorrow. Caution should remain.