XAU 0.00% 0.0004 gold ounce

GOLD: The commodity continues to hold on to its downside...

  1. 490 Posts.
    lightbulb Created with Sketch. 1
    GOLD: The commodity continues to hold on to its downside pressure on correction. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level. Further down, a cut through here will open the door for a move lower towards the 1,240.00 level. Below here if seen could trigger further downside pressure targeting the 1,230.00 level. Conversely, resistance resides at the 1,270.00 level where a break will aim at the 1,280.00 level. A turn above there will expose the 1,290.00 level. Further out, resistance stands at the 1,300.00 level. All in all, GOLD looks to weaken further.
 
watchlist Created with Sketch. Add XAU (FOREX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.