Gold extended gains jumping to a two-day high following the release of a report showing U.S. non-farm private employment rose less-than-expected in March and made gold to settled up by +0.36 that is at 20715. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at USD1,429.05 a troy ounce during European afternoon trade, jumping 0.7%. Earlier in the day, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 201K in March, after rising by 208K in February, whose figure was revised down from 217K. Now gold is getting support at 20612 and below could see a test of 20508 level, And resistance is now likely to be seen at 20794, a move above could see prices testing 20872.

Trading Ideas:

Gold trading range is 20508-20872.

Gold firmed amid broad support from unrest in the Middle East and North Africa

Gold looks to take support at 20612 and resistance at 20794.

In spot gold looks to get support at 1414$ and resistance at 1438$ level