ABOUT Oil & Natural Gas Corporation

• Industry Oil & Gas Operations
• ISIN INE213A01029
• BSE Code 500312
• NSE Code ONGC

Oil and Natural Gas Corporation Limited is an India-based crude oil and natural gas company. The Company is engaged in exploration, development and production of crude oil, natural gas and value-added products in India and acquisition of oil and gas acreages outside India for exploration, development and production, downstream (Refining and marketing of petroleum products), Petrochemicals, Power Generation, liquefied natural gas (LNG) supply, Pipeline Transportation, special economic zone (SEZ) development, Helicopter services, Manufacturing of Ethanol and Sugar, Green and Renewable energy business. Its segment includes Exploration and Production, and Refining and Marketing. Its geographical segments consist of India, which includes offshore and onshore, and Outside India. Its subsidiaries include Mangalore Refinery and Petrochemicals Limited, Hindustan Petroleum Corporation Limited, ONGC Videsh Limited, Petronet MHB Limited, ONGC Green Limited, and HPCL Biofuels Limited, among others.

Oil & Natural Gas Corporation Management

• Arun Singh Chairman of the Board, Chief Executive Officer
• Vivek Tongaonkar Chief Financial Officer, Director (Finance)
• Rajni Kant Chief Compliance Officer, Company Secretary
• Manish Patil Executive Director, Director (Human Resources)
• Pankaj Kumar Director (Production), Executive Director
• Sushma Rawat Director (Exploration), Executive Director
• Arunangshu Sarkar Executive Director, Director (Strategy, Corporate Affairs, Technology and Field Services )

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Coffee prices today December 12, 1 on the world market, at 2025:4 a.m. updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching world exchanges, the only channel in Vietnam that continuously updates and links to world exchanges).

Coffee prices on the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are continuously updated by Y5Cafe during the trading hours of the exchanges. However, on the night of January 11 and the early morning of January 1, 12, all of the above exchanges temporarily suspended trading for the weekend and were updated as follows:

Robusta Coffee Price London 12/1/2025

On the London floor, at 4:30 a.m. on January 12, 1, the price of Robusta coffee was recorded as follows: The delivery price for March 2025 was 3 USD/ton, the delivery price for May 2025 was 4966 USD/ton, the delivery price for July 5 was 2025 USD/ton and September 4879 was 7 USD/ton.

Arabica Coffee Price New York December 12, 1

Similarly, the price of Arabica coffee on the New York floor, the delivery period in March 3 is 2025 cents/lb, the delivery period in May 323.85 is 5 cents/lb, the delivery period in July 2025 is 319.80 cents/lb and the delivery period in September 7 is 2025 cents/lb.

Brazilian Arabica Coffee Price on December 12, 1

The price of Brazilian Arabica coffee also remained unchanged, recorded at USD 3/ton for March 2025 delivery, USD 404.05/ton for May 5 delivery, USD 2025/ton for July 400.00 and USD 7/ton for September 2025.

Robusta coffee traded on the ICE Futures Europe (London exchange) opens at 16:00 and closes at 00:30 (next day) Vietnam time. Arabica coffee traded on the ICE Futures US (New York exchange) opens at 16:15 and closes at 01:30 (next day) Vietnam time. For Arabica coffee traded on the B3 Brazil exchange, it will open from 19:00 – 02:35 (next day) Vietnam time.

Gia Lai people harvest coffee at the end of the 2024-2025 crop year. Photo: Hien Mai

Gthere cà pinternal stable

According to information from Giacaphe.com, at 4:30 a.m. today, January 12, 1, domestic coffee prices stabilized at an average of 2025 VND/kg.

The highest coffee purchase price in the key regions of the Central Highlands was recorded at 119.000 VND/kg. Specifically, today’s coffee price in Dak Lak is 119.000 VND/kg, in Lam Dong is 118.300 VND/kg, in Gia Lai is 118.800 VND/kg and in Dak Nong today is 119.000 VND/kg.

The domestic coffee prices that Giacaphe.com lists every day are calculated based on the prices of two world coffee exchanges combined with continuous surveys from businesses and purchasing agents in key coffee growing areas across the country.

Domestic coffee price list updated at 4:30 a.m. on December 12, 1

The Vietnamese coffee market continues to experience remarkable fluctuations, with an increase in export value but at the same time facing challenges in output and strict requirements from the international market.

Although Vietnam’s coffee output is expected to decline due to the impact of climate change and crop conversion, export value is set to hit a record. In the 2023/2024 crop year, Vietnam will export about 1,46 million tons of coffee, down 12,1% in volume compared to the previous crop year, but the value will reach $5,43 billion, up 33,1%. The average export price will increase sharply to $3.673/ton, nearly 50% higher than in the 2022/2023 crop year.

Climate change, especially drought, has negatively affected coffee production. In addition, farmers’ conversion to higher-value crops such as durian and avocado has also contributed to the reduction in coffee growing areas. In addition, new regulations from the European Union (EU) on anti-deforestation for coffee products have placed higher requirements on environmental protection and traceability, putting more pressure on the Vietnamese coffee industry.

The Vietnamese coffee market is forecast to continue to grow strongly, with an expected size of 763,5 million USD by 2029, corresponding to a compound annual growth rate (CAGR) of more than 8% in the period 2024-2029. This increase is driven by a deep coffee consumption culture, the popularity of large coffee chains, and the trend of favoring specialty and organic coffee.

To maintain and develop the market, the Vietnamese coffee industry needs to focus on solutions such as: Stabilizing area and increasing productivity, encouraging farmers to maintain coffee growing area, applying advanced farming techniques and selecting high-quality varieties to increase productivity.

Transform production towards sustainability, apply organic and environmentally friendly coffee production models to meet the green standards of the international market. Invest in technology and product quality, improve coffee quality, especially high-value varieties such as Arabica and invest in processing technology to increase product value.

With appropriate strategies, the Vietnamese coffee industry can continue to affirm its position in the world market, while ensuring sustainable development in the future.

Gold Technical Forecast: XAU/USD Weekly Trade Levels

• Gold prices rebound from multi-year trend support- marks second weekly advance
• XAU/USD rally within striking distance of key resistance- U.S. CPI on tap next week
• Resistance 2736/47 (key), 2804, 2900– Support 2607, 2532, 2450/82 (key)

Gold prices closed a fourth consecutive daily advance on Friday with the post-NFP rally posting a weekly advance of nearly 1.9%. A rebound off slope support is attempting to mark resumption of the broader uptrend with key resistance now in view. Battle lines drawn on the XAU/USD weekly technical chart.

Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold setup and more. Join live on Monday’s at 8:30am EST.

Gold Price Chart – XAU/USD Weekly

Chart Prepared by Michael Boutros, Sr. Technical Strategist; XAU/USD on TradingView

Technical Outlook: In my last Gold Weekly Price Forecast we noted that the XAU/USD was, “trading into a multi-year slope support into the start of the December and the focus is on a reaction off the median-line early in the month. From a trading standpoint, the focus remains on a breakout of the 2607-2736 range for near-term directional guidance.” A two-week advance has now rallied more than 4.4% off the December lows with a rebound off the median-line now threatening a stretch towards uptrend resistance.

The focus is on the record high-week close / 2024 high-close at 2736/47– a breach / close above this threshold is needed to mark uptrend resumption towards subsequent resistance objectives at the 2.618% extension of the 2022 range-break at 2804 and the 2900. The next major technical confluence is eyed at 3000/31– a region defined by the 2.272% extension of the 2011 decline and the 1.618% extension of the 2022 advance. Look for a larger reaction there IF reached.

Initial weekly support rests with the median-line and is backed closely by the 61.8% retracement at 2607– a break / weekly close below this threshold would suggest a larger correction is underway within the broader uptrend with initial support objectives seen at the August high at 2531 and 2450/82– a region defined by the April swing high and the 38.2% retracement of the 2024 trading range. We will reserve this threshold as our bullish invalidation level and losses would need to be limited to this slope for the late-2023 uptrend to remain viable.

Bottom line: Gold has rebounded off uptrend support into the start of the month with the advance now within striking distance of pivotal resistance. From a trading standpoint, look to reduce portions of long-exposure / raise protective stops on a stretch towards 2736- losses should be limited the median-line IF price is heading higher on this stretch with a breach above the high-close needed to mark uptrend resumption.

Keep in mind we get the release of key US inflation data next week with the Consumer Price Index (CPI) on tap Wednesday. Stay nimble into the release and watch the weekly closes here for guidance. Review my latest Gold Short-term Outlook for a closer look at the near-term XAU/USD technical trade levels.

Key US Economic Data Releases

Economic Calendar – latest economic developments and upcoming event risk.

Active Weekly Technical Charts

— Written by Michael Boutros, Sr Technical Strategist with FOREX.com

Follow Michael on X @MBForex

Gold Technical Forecast: XAU/USD Weekly Trade Levels

• Gold prices rebound from multi-year trend support- marks second weekly advance
• XAU/USD rally within striking distance of key resistance- U.S. CPI on tap next week
• Resistance 2736/47 (key), 2804, 2900– Support 2607, 2532, 2450/82 (key)

Gold prices closed a fourth consecutive daily advance on Friday with the post-NFP rally posting a weekly advance of nearly 1.9%. A rebound off slope support is attempting to mark resumption of the broader uptrend with key resistance now in view. Battle lines drawn on the XAU/USD weekly technical chart.

Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold setup and more. Join live on Monday’s at 8:30am EST.

Gold Price Chart – XAU/USD Weekly

Chart Prepared by Michael Boutros, Sr. Technical Strategist; XAU/USD on TradingView

Technical Outlook: In my last Gold Weekly Price Forecast we noted that the XAU/USD was, “trading into a multi-year slope support into the start of the December and the focus is on a reaction off the median-line early in the month. From a trading standpoint, the focus remains on a breakout of the 2607-2736 range for near-term directional guidance.” A two-week advance has now rallied more than 4.4% off the December lows with a rebound off the median-line now threatening a stretch towards uptrend resistance.

The focus is on the record high-week close / 2024 high-close at 2736/47– a breach / close above this threshold is needed to mark uptrend resumption towards subsequent resistance objectives at the 2.618% extension of the 2022 range-break at 2804 and the 2900. The next major technical confluence is eyed at 3000/31– a region defined by the 2.272% extension of the 2011 decline and the 1.618% extension of the 2022 advance. Look for a larger reaction there IF reached.

Initial weekly support rests with the median-line and is backed closely by the 61.8% retracement at 2607– a break / weekly close below this threshold would suggest a larger correction is underway within the broader uptrend with initial support objectives seen at the August high at 2531 and 2450/82– a region defined by the April swing high and the 38.2% retracement of the 2024 trading range. We will reserve this threshold as our bullish invalidation level and losses would need to be limited to this slope for the late-2023 uptrend to remain viable.

Bottom line: Gold has rebounded off uptrend support into the start of the month with the advance now within striking distance of pivotal resistance. From a trading standpoint, look to reduce portions of long-exposure / raise protective stops on a stretch towards 2736- losses should be limited the median-line IF price is heading higher on this stretch with a breach above the high-close needed to mark uptrend resumption.

Keep in mind we get the release of key US inflation data next week with the Consumer Price Index (CPI) on tap Wednesday. Stay nimble into the release and watch the weekly closes here for guidance. Review my latest Gold Short-term Outlook for a closer look at the near-term XAU/USD technical trade levels.

Key US Economic Data Releases

Economic Calendar – latest economic developments and upcoming event risk.

Active Weekly Technical Charts

— Written by Michael Boutros, Sr Technical Strategist with FOREX.com

Follow Michael on X @MBForex

Gold Technical Forecast: XAU/USD Weekly Trade Levels

• Gold prices rebound from multi-year trend support- marks second weekly advance
• XAU/USD rally within striking distance of key resistance- U.S. CPI on tap next week
• Resistance 2736/47 (key), 2804, 2900– Support 2607, 2532, 2450/82 (key)

Gold prices closed a fourth consecutive daily advance on Friday with the post-NFP rally posting a weekly advance of nearly 1.9%. A rebound off slope support is attempting to mark resumption of the broader uptrend with key resistance now in view. Battle lines drawn on the XAU/USD weekly technical chart.

Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold setup and more. Join live on Monday’s at 8:30am EST.

Gold Price Chart – XAU/USD Weekly

Chart Prepared by Michael Boutros, Sr. Technical Strategist; XAU/USD on TradingView

Technical Outlook: In my last Gold Weekly Price Forecast we noted that the XAU/USD was, “trading into a multi-year slope support into the start of the December and the focus is on a reaction off the median-line early in the month. From a trading standpoint, the focus remains on a breakout of the 2607-2736 range for near-term directional guidance.” A two-week advance has now rallied more than 4.4% off the December lows with a rebound off the median-line now threatening a stretch towards uptrend resistance.

The focus is on the record high-week close / 2024 high-close at 2736/47– a breach / close above this threshold is needed to mark uptrend resumption towards subsequent resistance objectives at the 2.618% extension of the 2022 range-break at 2804 and the 2900. The next major technical confluence is eyed at 3000/31– a region defined by the 2.272% extension of the 2011 decline and the 1.618% extension of the 2022 advance. Look for a larger reaction there IF reached.

Initial weekly support rests with the median-line and is backed closely by the 61.8% retracement at 2607– a break / weekly close below this threshold would suggest a larger correction is underway within the broader uptrend with initial support objectives seen at the August high at 2531 and 2450/82– a region defined by the April swing high and the 38.2% retracement of the 2024 trading range. We will reserve this threshold as our bullish invalidation level and losses would need to be limited to this slope for the late-2023 uptrend to remain viable.

Bottom line: Gold has rebounded off uptrend support into the start of the month with the advance now within striking distance of pivotal resistance. From a trading standpoint, look to reduce portions of long-exposure / raise protective stops on a stretch towards 2736- losses should be limited the median-line IF price is heading higher on this stretch with a breach above the high-close needed to mark uptrend resumption.

Keep in mind we get the release of key US inflation data next week with the Consumer Price Index (CPI) on tap Wednesday. Stay nimble into the release and watch the weekly closes here for guidance. Review my latest Gold Short-term Outlook for a closer look at the near-term XAU/USD technical trade levels.

Key US Economic Data Releases

Economic Calendar – latest economic developments and upcoming event risk.

Active Weekly Technical Charts

— Written by Michael Boutros, Sr Technical Strategist with FOREX.com

Follow Michael on X @MBForex

Gold Technical Forecast: XAU/USD Weekly Trade Levels

• Gold prices rebound from multi-year trend support- marks second weekly advance
• XAU/USD rally within striking distance of key resistance- U.S. CPI on tap next week
• Resistance 2736/47 (key), 2804, 2900– Support 2607, 2532, 2450/82 (key)

Gold prices closed a fourth consecutive daily advance on Friday with the post-NFP rally posting a weekly advance of nearly 1.9%. A rebound off slope support is attempting to mark resumption of the broader uptrend with key resistance now in view. Battle lines drawn on the XAU/USD weekly technical chart.

Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold setup and more. Join live on Monday’s at 8:30am EST.

Gold Price Chart – XAU/USD Weekly

Chart Prepared by Michael Boutros, Sr. Technical Strategist; XAU/USD on TradingView

Technical Outlook: In my last Gold Weekly Price Forecast we noted that the XAU/USD was, “trading into a multi-year slope support into the start of the December and the focus is on a reaction off the median-line early in the month. From a trading standpoint, the focus remains on a breakout of the 2607-2736 range for near-term directional guidance.” A two-week advance has now rallied more than 4.4% off the December lows with a rebound off the median-line now threatening a stretch towards uptrend resistance.

The focus is on the record high-week close / 2024 high-close at 2736/47– a breach / close above this threshold is needed to mark uptrend resumption towards subsequent resistance objectives at the 2.618% extension of the 2022 range-break at 2804 and the 2900. The next major technical confluence is eyed at 3000/31– a region defined by the 2.272% extension of the 2011 decline and the 1.618% extension of the 2022 advance. Look for a larger reaction there IF reached.

Initial weekly support rests with the median-line and is backed closely by the 61.8% retracement at 2607– a break / weekly close below this threshold would suggest a larger correction is underway within the broader uptrend with initial support objectives seen at the August high at 2531 and 2450/82– a region defined by the April swing high and the 38.2% retracement of the 2024 trading range. We will reserve this threshold as our bullish invalidation level and losses would need to be limited to this slope for the late-2023 uptrend to remain viable.

Bottom line: Gold has rebounded off uptrend support into the start of the month with the advance now within striking distance of pivotal resistance. From a trading standpoint, look to reduce portions of long-exposure / raise protective stops on a stretch towards 2736- losses should be limited the median-line IF price is heading higher on this stretch with a breach above the high-close needed to mark uptrend resumption.

Keep in mind we get the release of key US inflation data next week with the Consumer Price Index (CPI) on tap Wednesday. Stay nimble into the release and watch the weekly closes here for guidance. Review my latest Gold Short-term Outlook for a closer look at the near-term XAU/USD technical trade levels.

Key US Economic Data Releases

Economic Calendar – latest economic developments and upcoming event risk.

Active Weekly Technical Charts

— Written by Michael Boutros, Sr Technical Strategist with FOREX.com

Follow Michael on X @MBForex

• Silver climbs 0.80% to $30.35, outstripping concerns over U.S. inflation, Fed scrutiny.
• Technical hurdle at 50-day SMA of $30.42; breach could push silver to $30.80.
• Downside risks if silver drops below $30.00, key support at 200-day SMA, lows near $28.78.

Silver Price rises for the seven straight day putting aside the jump in US Treasury bond yields and the US Dollar, after a strong US jobs report calmed Federal Reserve officials about the employment situation in the US. Nevertheless, the evolution on inflation seems to be stalled, gathering some attention of Fed oficials. The XAG/USD trades at $30.35 up over 0.80%.

XAG/USD Price Forecast: Technical outlook

Silver continues to trend higher, advancing steadily above the $30.00 figure for the latest fhree trading days, boosted by buyers emerging at crucial support found at the 200-day Simple Moving Average (SMA) at $29.93. However, they are struggling with stir resistance at the 50-day SMA at $30.42, which has kept prices from reaching the 100-day SMA at $30.80.

If bulls clear those levels, that will clear the path to challenge $31.00 and expose the next cycle high seen at $32.32, December’s 12 peak.

Conversely, if XAG/USD slides beneath $30.00, the 200-day SMA emerges as bulls’ first line of defense. A breach of that level, could drive Silver’s price towards the January 6 low of $29.41, ahead of the December 31 low of $28.78.

XAG/USD Price Chart – Daily

Strong Weekly Performance

Nevertheless, the current rally is occurring inside last week’s price range. It shows a long red candle with a weak close near the lows of the week. This week’s bullish price action counters some of last week’s bearish price action and shows strength. But since an inside week is a form of consolidation on that time scale, trading could proceed in a choppy fashion for a while longer. At least that seems to be a risk. A new weekly high closing price this week will go a long way towards further confirming bullish daily signals.

4.20 High May be Challenged

The price structure of higher swing highs and higher swing lows remains intact for the bull trend. Recent bullish signals indicate a possible challenge to resistance around the current trend high of 4.20. If upward momentum can be maintained, then the 4.20 high could be exceeded. A rising parallel trend channel defines the vibration of price in the larger bull trend that began from the 2024 low of 1.55.

The current shorter-term uptrend, that began from the October swing low, defines a smaller internal trend within a large uptrend price pattern. Since support was successfully tested around the internal uptrend line and 20-Day MA, the road may be clear for the larger bullish pattern to exert its influence. However, gold could go to a new trend high yet still find resistance around the top channel line.

Long-Term Patterns are Bullish

In the big picture, gold triggered another bullish reversal of the long-term downtrend on a rally above the October 2023 swing high of 3.64 recently. That breakout followed an earlier bull breakout of a large symmetrical triangle pattern. So, the current short-term advance is supported by the larger bullish price patterns.

For a look at all of today’s economic events, check out our economic calendar.

• Silver price moves higher to near $31.30, exhibiting a strong performance ahead of the US NFP data for December.
• The FOMC minutes signaled that policymakers are worried about a slowdown in the US disinflation trend.
• US President-elect Donald Trump-led volatility keeps the outlook of precious metals intact.

Silver price (XAG/USD) gains to near $31.30 in Friday’s European session. The white metal gains ahead of the United States (US) Nonfarm Payroll (NFP) data for December, which will be published at 13:30 GMT. The labor market data will influence market expectations about whether the Federal Reserve (Fed) will continue with its cautious stance on further policy-easing.

The NFP report is expected to show that the US economy added fresh 160K workers in December, lower than 227K in November. The Unemployment Rate is estimated to have remained steady at 4.2%.

Investors will also pay close attention to the Average Hourly Earnings data for December. Being a wage growth measure that drives consumer spending, the Average Hourly Earnings data will provide cues about the inflation outlook. Month-on-month Average Hourly Earnings is expected to have risen at a slower pace of 0.3% from the former release of 0.4%, with annual figures growing steadily by 4%.

The Federal Open Market Committee (FOMC) minutes for the December policy meeting showed that officials were worried about a slowdown in the progress in inflation towards the Fed’s target of 2%.

Broadly, the Silver price has performed strongly for more than a week as market sentiment remains cautious due to uncertainty over the likely global trade war. Investors remain cautious due to incoming protectionist policies from President-elect Donald Trump, which are expected to promote the business outlook of the US. Historically, Silver performs better in a heightened uncertain environment.

Ahead of the US NFP report, the US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, flattens around 109.15. 10-year US Treasury yields rise to near 4.7%.

Silver technical analysis

Silver price continues to face selling pressure near the upward-sloping trendline around $30.50, which is plotted from the February 29 low of $22.30 on a daily timeframe. The white metal oscillates around the 20-day Exponential Moving Average (EMA), which trades near $30.00.

The 14-day Relative Strength Index (RSI) moves higher above 50.00. A fresh bullish momentum would come into action if it decisively breaks above 60.00.

Looking down, the September low of $27.75 would act as key support for the Silver price. On the upside, the December 12 high of $32.33 would be the barrier.

Silver daily chart

• Gold price consolidates near the monthly high of $2,678 on US Nonfarm Payrolls Friday.
• Concerns over Trump’s policies offset the US Dollar strength and elevated Treasury bond yields.
• Can US NFP data change the course in Gold price, with a Bear Cross in play?  

Gold price consolidates the weekly gains just below the one-month high of $2,678 set on Thursday as traders eagerly await the US Nonfarm Payrolls (NFP) data for placing fresh bets.

All eyes turn to US NFP data for the next Gold price move

Gold price continues to draw support from increased safe-haven demand, which overshadows the persistent strength in the US Dollar (USD) and the US Treasury bond yields. Inflation fears have been stoked due to the potential impact of the incoming immigration and trade policies by US President-elect Donald Trump, boosting the appeal of Gold price as an inflation hedge and a traditional safe-haven asset.

Meanwhile, expectations of fewer interest rate cuts by the US Federal Reserve (Fed) this year and China’s economic concerns keep the sentiment around the USD underpinned as the Greenback hovers near weekly highs against its major currency rivals. US benchmark 10-year Treasury bond yields sit at eight-month highs above 4.68%, somewhat limiting the upside attempts in the non-yielding Gold price.

Markets also remain risk-averse and refrain from placing any directional bets on the bright metal amid a typical pre-NFP caution. The US economy is expected to create 160K jobs in December after adding 227K jobs in November. The Unemployment Rate and the Average Hourly Earnings will likely remain steady at 4.2% and 4%, respectively, in the reported period.

 A weaker-than-expected headline NFP print is likely to bring back expectations of aggressive Fed rate cuts on the table, triggering a broad US Dollar correction while adding extra legs to the ongoing Gold price uptrend. Conversely, an upside surprise in the NFP and wage inflation data could ramp up hawkish Fed bets, spelling doom for Gold price.

Further, markets could also resort to profit-taking on Gold longs ahead of next week’s US Consumer Price Index (CPI) data. However, speculations surrounding Trump’s policies could continue to drive markets, acting as a major tailwind for Gold price heading into the weekend.

Gold price technical analysis: Daily chart

The daily chart shows that the 14-day Relative Strength Index (RSI) holds comfortably above the midline, currently near 57.50, justifying the ongoing upside in Gold price. Additionally, Gold price closed Tuesday above the static resistance at $2,665.

However, buyers are likely to remain cautious as the 21-day Simple Moving Average (SMA) has crossed the 100-day SMA from above on a daily closing basis on Thursday, confirming a Bear Cross.

Amidst conflicting daily technical indicators, the US NFP report could pave the next direction in Gold price.

On a US NFP miss, Gold price could extend its four-day advance and challenge the December 13 high of $2,693 above the four-week high of $2,678.

The next upside barriers are aligned at the $2,700 round level and the December 12 high of $2,726.

Alternatively, strong payrolls could revive Gold sellers, knocking the rates toward the 50-day SMA at $2,643, below which the confluence of the 21-day SMA and the 100-day SMA at $2,633 will be tested.

The line in the sand for Gold buyers is pegged at the January 6 low of $2,615.