10 Apr 2014
Gold rises above $1,320 to fresh 2-weeks highs
FXStreet (Córdoba) - Spot gold broke above $1,315 during the Asian session and accelerated to the upside. Price peaked on European hours at $1,324.50 reaching the highest price since March 24. Afterwards pulled back but found support above $1,315.
After Wall Street opening XAU/USD bounced to the upside, but unable to reached fresh highs. At the moment trades at $1,320 up 0.85% for the day pushed by US dollar weakness.
Levels to watch for gold
To the upside, immediate resistance lies at $1,325 (daily high), $1,330 and $1,342. While on the other direction, support levels could be located at $1,315, $1,307 and $1,300.
After Wall Street opening XAU/USD bounced to the upside, but unable to reached fresh highs. At the moment trades at $1,320 up 0.85% for the day pushed by US dollar weakness.
Levels to watch for gold
To the upside, immediate resistance lies at $1,325 (daily high), $1,330 and $1,342. While on the other direction, support levels could be located at $1,315, $1,307 and $1,300.