Prices are now moving in the range of $ 1,133 per troy ounce, slightly higher than yesterday's close. The closest support level at around 1129. During the price moves above the support, the price is still likely to rebound to the level of 1138. Strengthening immediate resistance above 1138, opening the potential gains to the area in 1147.
While moving below support at 1129 will unlock the potential weakening to around 1123.
Support from Fed officials this could still be a factor suppressing the price of gold today. Tonight CPI Flash Estimate Euro-zone data and US Chicago PMI might be a market mover.
0 Response to "Gold restrained, cautious support in 1129"
Thanks for give comment.