Gold struggles near important support level

India Infoline News Service | Mumbai | March 13, 2018 18:40 IST

Gold is currently trading sideways near the important support level.

Silver ingot and gold
Gold is currently trading sideways near the important support level 30,270. On the hourly chart, RSI is near 40 levels mark, indicating weakness in prices. An hourly close below 30,270 can push prices lower towards 30,150 levels.

On the other hand if prices move higher above 30,400 levels then it can rally up till 30,530 levels.

 

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