04 Dec Wednesday Update

Gold is trading lower than of today's Pivot of USD 1221 at USD 1212. There are some very important economic releases are due later in the evening which are expected to create some more volatility. U.S. ADP Non Farm Employment Change (around 7.00 PM) is expected to be 172 K, better than previous 130 K ; ISM Non Manufacturing PMI (around 8.45 PM) is expected to be as it was previously at 55.4 , if these data came out to be as or better than expected, Gold will hurt more and may test further lows.

Trade Safe :)