Gold prices declined on Monday as dollar strengthened across the board as the greenback held onto gains after mixed non-farm payrolls data last Friday. Gold prices took a dive from 1287 levels to hit low at 1262 before r…
Gold prices declined on Monday as dollar strengthened across the board as the greenback held onto gains after mixed non-farm payrolls data last Friday.
Gold prices took a dive from 1287 levels to hit low at 1262 before recovering towards 1266 levels.
The commodity is poised to breach the support level located at 1255 and decline further towards lower levels as yellow metal weaker against US dollar.
To the upside, the strong resistance can be seen 1282, a break above this level would expose the commodity towards 1295 levels.
To the downside immediate support can be seen at 1262, a break below at this level will open the door towards 1255 levels.
