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1 Jul 2014
Gold retreats from 3-month highs
FXStreet (Córdoba) - Gold lost momentum after trading above $1,330 and pulled back. In the last hours it has been steady, currently hovering around $1,327 slightly higher for day.
During the Asian session XAU/USD rose to $1,333.50/oz hitting the strongest level since March 21 and then pulled back quickly below $1,330.
Gold technical levels
To the upside, above $1,333 the next resistance could be located at $1,342 and then $1,355. While to the downside support might lie at $1,323 (daily low) and then $1,310 (June 30 low).
During the Asian session XAU/USD rose to $1,333.50/oz hitting the strongest level since March 21 and then pulled back quickly below $1,330.
Gold technical levels
To the upside, above $1,333 the next resistance could be located at $1,342 and then $1,355. While to the downside support might lie at $1,323 (daily low) and then $1,310 (June 30 low).