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Gold steady amid lack of fresh triggers

FXStreet (Mumbai) - Gold prices are trading steady ahead of the US open amid lack of fresh fundamental triggers out of the Europe or the US.

Gold is trading dead flat around USD 1232/Oz levels, up 0.28% for the day. Moreover, other markets have turned flat as well, providing no Intermarket cues for Gold traders. The Ten-year treasury yield in the US is trading flat around 2.25%, while the US Dollar index has seen no action during the European session.

The US Equity futures are trading in the red, which may push up the Gold prices.

Gold Technical levels

Gold has an immediate support of 1227, below which prices may fall to 1223 levels. On the other hand, a breach of 1235 levels shall open doors for a re-test of 1240 levels.

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