Gold may rebound for the day. The commodity gained after slumping to 1179 levels last month. The commodity still favours a bull rally at higher levels. The 1345 level remain as a crucial point for gold, breaching these levels may witness decline to 1325 levels.
Support for the commodity is seen at 1357.00, 1352.00 levels and resistance is observed at 1373.00 and 1390.00.
U.S Fed minutes meeting may put pressure on the rally for gold futures.
By John Godson