24 Jul 2014
Gold falls to 1-month low below $1,290
FXStreet (Córdoba) - Gold is falling for the third day in a row on Thursday but recently accelerated and plunged to $1,287.30/oz hitting the lowest price since June 19. The yellow metal remains under pressure as it holds near the lows, trading around $1,290, down 1% for the day.
The yellow metal continues to decline. Since the beginning of the current week has lost $20 and in the previous week dropped $27. Earlier in the month the ounce reached $1,344, a level not seen since March but then reversed sharply.
XAU/USD technical levels
To the downside, support levels might lie at $1,286 and below at $1,274 - $1,276. On the upside, resistance now could be seen at $1,301 and above at $1,305 and $1,311.
The yellow metal continues to decline. Since the beginning of the current week has lost $20 and in the previous week dropped $27. Earlier in the month the ounce reached $1,344, a level not seen since March but then reversed sharply.
XAU/USD technical levels
To the downside, support levels might lie at $1,286 and below at $1,274 - $1,276. On the upside, resistance now could be seen at $1,301 and above at $1,305 and $1,311.