Gold consolidated in a narrow range after a
jump of over $100 from a minor bottom of
$2277.
Read Till End
Hawkish comments from most of the Fed
members put pressure on yellow metal at
higher levels.
Technical:
The near-term support is around $2330, a
break below the targets of $2320/$2300. The
yellow metal faces minor resistance around
$2350 and a breach above will take it to the
next level of $2360.
Gold Signal
Buy $2338 with SL around $2330 for TP of
$2350.
Sell $2350/$2355 with SL around $2365 for TP of
$2330.