Yesterday, Gold continued to trade sideways between $1,156/ounce and $1,170/ounce. However, the price then fell towards $1,150/ounce as the U.S. Dollar strengthened. Traders should watch U.S. data today as it could prolong the bearish sentiment and push the price down to $1,140/ounce.
The movement is sideways. Support is found at 1,138 and resistance at 1,180.
November 14, 2014 – Commodities News
Gold
Yesterday, Gold continued to trade sideways between $1,156/ounce and $1,170/ounce. However, the price then fell towards $1,150/ounce as the U.S. Dollar strengthened. Traders should watch U.S. data today as it could prolong the bearish sentiment and push the price down to $1,140/ounce.
The movement is sideways. Support is found at 1,138 and resistance at 1,180.
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