Gold Trading Signal Hit Take Profit Eyes on $1,237
Today gold prices were muted and stuck in a tight trading range of $1,241 – $1,247 as the dollar extended a rally from the previous session.
For the moment, the Greenback has been a prime mover of gold prices as the market is overlooking the safe-haven appeal. The sentiments of two additional rate hikes are weighing on gold.
It’s trendline and the 200 periods moving average is supporting gold near $1,237. The same level $1,237 also supported gold back in April 2017 and in July 2018.


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