A slow down? After four days of going up, Gold is flat today, hovering around $1,978.6.

A mostly flat day so far for Gold, ranging between $1,975.7 and $1,978.7; currently at $1,978.6 per ounce.

Gold's state is reflected by market data as data for United States Consumer Confidence released yesterday at 14:00 UTC is better than expected with 102.3, but worse than previous figure of 103.7. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Mar) released yesterday at 13:00 UTC with a figure of -1.1, while the previous figure was 0.4.

Gold is currently flirting with an active Fibonacci support level around $1,960. As the day gets underway, chart analysis suggests CME Gold is climbing away and is now $21.03 from the $1,957.57 support line.

Meanwhile, mixed performances are seen in other Metals as Platinum moves up 0.58% to trade around $1,027.8. Palladium added 0.75% to its value, now trading at $1,408.

Furthermore, the market is looking at United States Crude Oil Inventories is projected to outperform its last figure with -1.10 million. It previously stood at -12.46 million; data will be released tomorrow at 15:00 UTC. United States ADP Nonfarm Employment Change (May) is expected tomorrow at 12:15 UTC. Tomorrow at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 235,000 from the preceding figure of 229,000.

Gold is now trading 3.96% below the significant high of $2,058.7 it set around 27 days ago.