OctaFX | OctaFX Forex Broker
Open trading account

Gold back above USD 1230

FXStreet (Mumbai) - Gold prices have gained ahead of the European session, although the upbeat data out of the US and the Europe continue to weigh on the metal.

Gold is trading 0.28% higher today at USD 1232.60/Oz, as the received support from the weakness in the Asian equity markets. The Shanghai composite and the Hang Seng are trading 0.06% and 0.45% lower today. Meanwhile, the Nikkei is up 1.01% tracking the strength in the USD/JPY pair. The European equity futures are trading in the red as well.

Gold Technical levels

Gold has an immediate resistance of 1235, while the support is located around 1227 levels. A breach of the support shall open doors for a re-test of 1223 levels.

EUR/USD holds initial test of 1.2605 support - Commerzbank

Karen Jones, analyst at Commerzbank, points out that EUR/USD support of 1.2605 managed to hold test.
Read more Previous

EUR/USD sticks to the range

EUR/USD posted intraday high at 1.2664, before reversing the move to current 1.2640.
Read more Next
Start livechat