Gold Feb 11

Gold prices are trading bullish around 1,571 as worse than expected unemployment rate from the U.S. is underpinning the precious metal today. On the lower side, gold's immediate support prevails around 1,568 area while resistance stays around 1,572 and 1,576. We may see sideways movement in gold today due to lack of economic events, so the buying and selling can be seen within 1,568 - 1,576. In any case, if gold slips below 1,568, the next support is likely to be found around 1,562.