XAU/USD extends losses and hits lowest intraday level since last July. US dollar consolidates gains across the board. A stronger US dollar pushed gold prices further to the downside on Thursday. The value fo the ounce weakened during the US session, breaking below previous low and bottomed at $1,211.30/oz, the lowest intraday level in a year. Gold remains near the lows. A daily close around current level would be the lowest since March 2017. From a technical perspective, it could a test of $1,200 ahead. After moving sideways for several days, yesterday gold broke to the downside and dropped modestly. Today, it attempted to recover but the bounced did not last and it resumed the decline. The rally of the US dollar was the main driver ahead of Friday’s NFP report. The US Dollar Index (DXY) rose back above 95.00 today, hitting the strongest level since July 20. Near the end of the day was trading around 95.05, pointing to further gains. XAU/USD Technical levels Below $1,210 support levels might be seen at $1,205 (Jul 2017 low), $1,200 (psychological) and $1,194 (Mar 2017 low). On the upside, resistance levels could now be located at $1,217, $1,225 and $1,228 (weekly high). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/MXN rises modestly after Banxico keeps rates unchanged FX Street 5 years XAU/USD extends losses and hits lowest intraday level since last July. US dollar consolidates gains across the board. A stronger US dollar pushed gold prices further to the downside on Thursday. The value fo the ounce weakened during the US session, breaking below previous low and bottomed at $1,211.30/oz, the lowest intraday level in a year. Gold remains near the lows. A daily close around current level would be the lowest since March 2017. From a technical perspective, it could a test of $1,200 ahead. After moving sideways for several days, yesterday gold broke to the downside and dropped modestly.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
