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Gold falls to 3-month lows

FXStreet (Córdoba) - Gold resumed the decline on Monday and dropped to $1,252/oz, reaching the lowest price since June 10. The value of the ounce moved slightly to the upside during the Asian session, weakened on European hours and lost more than $10 since Wall Street’s opening bell.

The yellow metal remains near the lows, hovering around $1,253 down more than 1% and headed toward the lowest close in three months.

XAU/USD technical levels

To the downside, immediate support could be located at $1,250 and below here around the $1,240 area that capped the downside in June. If the price falls below $1,238 it would be trading at levels last seen in January. To the upside, resistance might lie at $1,261 (September 2 low) and above around $1,270.

AUD/USD breaks below 0.9300

The Aussie is trading at daily lows at 0.9290 after extending declines from the 0.9375 area and breaking 0.9330 and 0.9300 levels as commodities are also going south on Monday.
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