Gold Price Morning Update
Mar 18- Gold went as high as $ 1755 levels in early asian hours and fell back in London hours . Official bank rate announcement out of Bank of England was as expected. Manufacturing Index news out U.S showed double than expected which might resulted in gold price action to trade lower to its support at $ 1725. Currently gold is trading near to its day low $ 1719.50 at $ 1721 levels. U.S dollar index is seen to making impressive gains in hourly chart, after a steep fall made yesterday. There are no major Economic data release from U.S today which might help gold to recoup some of the day loss made. Next support for gold on short term chart is at $ 1707 and resistance is seen $ 1747 and $ 1760 levels.
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