Posted on May 11, 2015 08:05
Gold still maintaining its downside pressure we are looking more decline in this week as well, support comes near 1180.00 area, where as a break will aim 1170.00 a cut through here will open door for the price area 1150.00.
The yellow metal ticked up little on the US NFP data. The yellow metal is strongly consolidated below the price level 1199 and supported above the price level 1175.