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23 Apr 2015
Gold advances near $1,200
FXStreet (Edinburgh) - The troy ounce of the precious metal is recovering from yesterday’s drop and is currently climbing to fresh session tops below the $1,200 mark.
Gold bounces off $1,185
The yellow metal is gaining almost $10 since session lows around $1,185, propped up by the sharp sell-off in the greenback in response to a poor US docket today.
In addition, geopolitical tensions in the Middle East plus the uncertainty surrounding Greece have given Gold further support.
Gold levels to consider
The metal is now advancing 0.87% at $1,197.43 with the next resistance at $1,236.79 (high Feb.16) ahead of $1,245.91 (high Feb.10) and finally $1,285.80 (high Feb.3). On the flip side, a breach of $1,184.00 (low Apr.14) would expose $1,180.50 (low Apr.1).
Gold bounces off $1,185
The yellow metal is gaining almost $10 since session lows around $1,185, propped up by the sharp sell-off in the greenback in response to a poor US docket today.
In addition, geopolitical tensions in the Middle East plus the uncertainty surrounding Greece have given Gold further support.
Gold levels to consider
The metal is now advancing 0.87% at $1,197.43 with the next resistance at $1,236.79 (high Feb.16) ahead of $1,245.91 (high Feb.10) and finally $1,285.80 (high Feb.3). On the flip side, a breach of $1,184.00 (low Apr.14) would expose $1,180.50 (low Apr.1).