GOLD was up on Thursday morning after testing the low level of $ 2173 in the last trading session as Gold held just below $2,200 an ounce on Thursday, hovering near all-time highs as investors awaited a key US inflation reading that could influence the outlook for Federal Reserve monetary policy. The latest US PCE price index report, which is the Fed’s preferred inflation gauge, will be released on Friday.
Right now GOLD is trading around $ 2195. If it sustains above the level of 2200 then it can test the level of 2205, 2210 & 2222 as well. On the other side if it comes below the level of 2190 then it can retest the level of 2185, 2180 & 2170 as well.
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