Gold: The commodity now faces further weakness after failing to follow through higher on the back of its Monday gains. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 level. Conversely, resistance resides at the 1,290.00 level where a break will aim at the 1,300.00 level. A turn above there will expose the 1,310.00 level. Further out, resistance stands at the 1,320.00 level. All in all, gold looks to weaken further lower.
Top Finance
Search
New Posts
Gold Price Recovers Amid Uncertain US Economic Outlook
USD/CAD Price Analysis: Consolidates Around 1.3650 Ahead Of Fed’s Preferred Inflation Gauge
USDJPY Charges Higher: Uptrend Confirmed Or Bullish Momentum Extended?
Chevron’s Mixed Q1: $2.93 Adj. EPS, $48.72 B In Revenue
Eurozone Bank Lending Continues To Cautiously Recover
Leave A Comment