The Gold saw a sharp sell-off on last working day of the week post release of better-than-expected U.S Non-farm Payroll data which showed a rise in number of employed people by 253K against the estimation of 181K. Also, the Unemployment Rate lowered down to 3.4% from 3.5% in the previous month. These factors signal for increase in liquidity in the market & may further raises an inflation rate. In order to control this, the Fed may adopt monetary tightening decision & hence, boosted up the US Dollar Index & vis-à-vis weakened down the precious metals like Gold & Silver. On contrary, the Gold tested record high levels of $2070 earlier in this week after FOMC hinted for a pause in interest rate hike decision in next meeting; although lifting up the rate by 25bps as expected. Besides this, ongoing banking rout in U.S after PacWest Bank seems to be gotten defaulted & failure of repayment of debt ceiling can remain vital for safe haven instruments like Gold. As seen in the chart, the Gold is consistently trading within the bullish channel pattern & is forming higher highs & higher lows which clearly signals a bullish trend on long term basis. However, on short term or intraday basis, the commodity is expected to show slight correction since it is hovering near MA (10) & MA (20) & breaching of same may lead to slight selling pressure. How-so-ever, this retracement can be considered as a good buying opportunity on long term basis with the possible targets of $2060-$2090 levels.