Gold’s (XAU/USD) reversal from weekly highs at the $4,800 area remains contained above previous highs, in the area of $4,600, with the precious metal changing hands at $4,665 at the time of writing. This leaves the upside channel from March 23 lows still in play, as investors bid their time ahead of the US Nonfarm Payrolls (NFP) release, due later on Friday.

The US Dollar’s strength witnessed on Thursday has lost steam, with trading volumes at low levels as most markets are closed for the G