FXStreet (Mumbai) - Gold trimmed gains to trade below its hourly 200-MA in early Europe as the metal continues to track EUR/USD pair, which eased to 1.07 levels. Drops below 10-DMA Prices fell below USD 1082.82 (hourly 200-MA+5-DMA) after having clocked a high of USD 1085.70 levels in Asia. Gold prices have been tracking the EUR/USD pair off late. Gold followed EUR/USD lower after the common currency topped out at Oct 15th. The metal also witnessed a spike in the NY session yesterday, tracking a rise in the EUR/USD pair to near 1.0750 levels. Given the US economic calendar is empty, it is likely the metal could continue to track the EUR/USD pair. Gold Technical Levels The immediate support is seen at 1078.25 (hourly 50-MA), under which the losses could be extended to 1069.55 (previous day’s low). On the higher side, resistance is seen at 1082.82 (hourly 200-MA+5-DMA), above which the doors are opened for a re-test of 1087.51 (previous day’s high). For more information, read our latest forex news.