18 May 2015
Gold flat above $1,220
FXStreet (Edinburgh) - The troy ounce of the yellow metal has surrendered initial gains and has now returned to the $1,225 level.
Gold off highs beyond $1,230
Gold prices are advancing for the fifth consecutive session so far, managing to briefly clinch highs above $1,230 in spite of the solid performance from the US dollar.
Greece woes have been sustaining the upbeat momentum in the precious metal, although the current upside will be tested in light of the upcoming FOMC minutes due on Wednesday.
Gold key levels
The metal is now up 0.02% at $1,225.60 with the next resistance at $1,232 (high May 18) followed by $1,236.79 (high Feb.16) and then $1,245.91. On the flip side, a breach of $1,212 (low May 14) would expose $1,177 (low May 4) and finally $1,168.50 (low Mar.20).
Gold off highs beyond $1,230
Gold prices are advancing for the fifth consecutive session so far, managing to briefly clinch highs above $1,230 in spite of the solid performance from the US dollar.
Greece woes have been sustaining the upbeat momentum in the precious metal, although the current upside will be tested in light of the upcoming FOMC minutes due on Wednesday.
Gold key levels
The metal is now up 0.02% at $1,225.60 with the next resistance at $1,232 (high May 18) followed by $1,236.79 (high Feb.16) and then $1,245.91. On the flip side, a breach of $1,212 (low May 14) would expose $1,177 (low May 4) and finally $1,168.50 (low Mar.20).