Gold hovering near its support level

Mumbai-India (Feb 12)  Gold prices gave a gap up opening, but it is struggling near the resistance level of 30,100 levels.

 Intermediate resistance can be seen near 30,050 levels.

 

 On the hourly chart, RSI is below 60 levels indicating low momentum in prices.

 A close below 30,050 levels can push prices lower towards 29,950 levels.

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