Gold Futures Consolidating At The $1100 Level

February Gold futures are trading higher by $1 at $1098.90 per ounce in Monday's session. After posting it first close over $1100 on Thursday at $1107.90, the contract failed to do it again in Friday's session. In choppy trading, the contract has found intraday resistance just above the high close for the ($1107.90), peaking at $1108.30. At this time, it is attempting to find support around Friday''s close, with the current low standing at $1098.20.