Gold failed to maintain its bullish stance, today, as selling pressure had the upper hand, ending the session in the red at 1072.27. The commodity is still hesitating, as an opening with a bearish gap, will send the XAUUSD south, back to 1061.04, with 1064.26 as a primary objective, should it breakout 1069.48. Gold will have 1077.14 as a resistance.
A breakout of 1078.22 would give some hope for the bulls in a bounce towards 1084.3.
The daily Pivot Point 1075.63. The daily support levels are around 1066.04 and 1059.74. The daily resistance levels are around 1081.93 and 1091.52.
A breakout of 1078.22 would give some hope for the bulls in a bounce towards 1084.3.
The daily Pivot Point 1075.63. The daily support levels are around 1066.04 and 1059.74. The daily resistance levels are around 1081.93 and 1091.52.
