Thursday, August 2, 2018

Gold - 03 August 2018

  • Dollar
  • Gold

Fundamental Highlights

Gold's sell-off has stalled around $1205 - the lowest level since July 2017 as the Dollar continued surging ahead of today's NFP and employment report expected to print positively and keep pumping strength into the greenback.

Technical Analysis

As expected, prices broke the $1211 level to the downside to settle around the $1205 support level. Despite the existing oversold conditions, Gold still can afford more downside towards the $1197.75 support level.

Support: 1205.73 1197.75
Resistance: 1214.15 1217

Chart (1H)