Gold is currently trading at $1188 after making low of $1184
Gold prices dipped on Wednesday after the National Association of Realtors said existing home sales increased 6.1% last month to 5.19 million, its highest level in 18 months
Gold's near term support falls at $1178 and daily close below this level opens the new trading range of $1157-1178
Alternatively, reversal from that major support brings the pair towards 1208 level again
