Gold testing its $1,190 support level
This morning a strong U.S. Dollar caused Gold to test its $1,190 support level, briefly reaching $1,187 per ounce before bouncing back with strong buying activity. Gold is now just below the $1,200 level again. At 11am PDT today, Gold is trading at $1,198 up by $2 on good trading volume.
Silver briefly traded at $13.90 in early trading before moving back above the important $14 per ounce support/resistance level. The $14 level needs to hold in order to provide short term support. At 11am PDT today, Silver is trading at $14.17 down by $0.01 on above average volume.