- Gold lost about $12 as the metal reached a new 2018 low at $1,225.90 a troy ounce.
- Gold is now consolidating the steep sell-off. Resistances to the upside are located near 1,232.00 consolidation area and 1,236.28 former 2018 low.
- To the downside, bears objective is to reach the 1,220.00 level followed by the 1,204.00 July 10, 2017 swing low.
Gold 15-minute chart
-636674457750567388.png)
Spot rate: 1,227.00
Relative change: -1.11%
High: 1,245.01
Low: 1,225.90
Trend: Bearish
Resistance 1: 1,232.00 consolidation area
Resistance 2: 1,236.28 former 2018 low
Resistance 3: 1,241.50 intraday swing low
Resistance 4: 1,245.65 June 28 low
Resistance 5: 1,250.00 figure
Resistance 6: 1,254.23 June 28 high
Resistance 7: 1,260.00 figure
Resistance 8: 1,264.14 June 25 low
Resistance 9: 1,270.00 figure
Resistance 10: 1,286.10 May 21 low
Support 1: 1,225.90 current 2018 low
Support 2: 1,220.00 figure
Support 3: 1,204.00 July 10, 2017 swing low
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