Gold Technical Analysis: Yellow Metal trading near 2018 lows

• Gold is trading near the 2018 low below $1,250 a troy ounce.
• Gold is trading below the 50, 100 and 200-period simple moving averages on the 15-minute chart suggesting a bearish momentum.  
• The next targets to the downside are seen near the 1,245.65 current 2018 low and 1,243.92 December 3, 2017.  

Gold 15-minute chart

Spot rate:                   1,247.59

Relative change:         -0.4%

High:                          1,254.21
Low:                           1,246.20

Trend:                         Bearish

Resistance 1:            1,250.00 figure
Resistance 2:            1,254.23 June 28 high
Resistance 3:            1,260.00 figure  
Resistance 4:            1,264.14 June 25 low
Resistance 5:            1,270 figure

Support 1:                1,245.65 current 2018 low
Support 2:                1,243.92 December 3, 2017 low
Support 3:                1,236.52 December 12, 2017 swing low