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Ticker: XAUUSD ISIN: Type: Commodities
Open: 1,209.47
Change: -0.95
Volume: 250,445
High: 1,209.39
Low: 1,219.57
High / Low range: 10.18
1,214.62 USD (-0.08%) 2017-01-23 12:41:42 Real time - Gold & Silver Spot

GOLD - USD - Gold Hit Fresh Low and Profit Booked! - 4H

The yellow metal edged sharply lower over the last three weeks and during today’s sessions recorded a new ten-month low and reached the $1,171 support level. The XAU/USD pair plummeted more than 7% this month following the bounce off the $1,338 resistance level. On a previous analysis, we suggested an entry level below the $1,221 barrier until the $1,200 psychological obstacle where the price slipped below it (see technical analysis here: The technical structure remains bearish as the technical indicators are following a downward path. MACD corrected extreme oversold readings while RSI is pointing downwards below the 30 level.
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