Gold Trades Sideways, Key Resistance at $2,375

Gold began the day with sideways movement, encountering its first resistance at $2,375 per ounce. If the price surpasses this level, the next targets are $2,385 and $2,415. On the downside, the initial support level is at $2,370. Should this level be breached, further support levels to watch are $2,355 and $2,315.