Gold prices under pressure as US markets rebound

marketsforu

Gold prices are down despite the VIX indicator pushing higher today . Gold futures are selling-off as US markets rebound from Tuesday’s lows, gold is down (-1.90%) at $1,133.62/oz which is testing as support at $1132.03/oz, if broken we could see prices fall to $1,127.53/oz by the end of the trading day. On the other hand we do observe a resistance level at $1,137.97/oz but unlike to extend further than this.