Gold gained sharply after weak US jobs
data.
Read Till End
US initial jobless claims rose 22000 to 231k in the
week ending May 4th, compared to a forecast
of 210k. The weak US jobs renewed the chance
of a rate cut by the Fed in June.

Technical:
The near-term support is around $2350, a
break below the targets of $2320/$2300. The
yellow metal faces minor resistance around
$2378 and a breach above will take it to the
next level of $2400

Gold Signal
Sell $2378 with SL around $2400 for a TP of
$2350.
Buy $2350 with SL around $2340 for a TP of
$2400.