Gold price hovers near resistance levels

February 14, 2018

Mumbai-India (Feb 14)  In today's trade, gold gave a gap up opening above the major resistance level of 30,250 levels due to a weakness in dollar index. In yesterday's session, volatility was witnessed in bullions as the dollar index slipped below the major support level of $90. 

 Next intermediate resistance can be seen near 30,370 levels. Daily close above 30,370 can push prices higher towards 30,560 levels. If prices slip below 30,250, then it can retrace back to 30,100 .


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