- Gold had a strong bullish reaction at the $1,214.00 per ounce level gaining about $14 this Tuesday.
- Gold is currently facing some resistance at 1,225.90, July 17 low and at a bearish trendline from July 14. Bulls would need to breakout above those levels in order to gain extra-traction towards 1,236.28 July 13 low.
- Near-term supports are seen near 1,223.00 and 1,220.90 July 18 low.
Gold 15-minute chart
Spot rate: 1,223.94
Relative change: 0.23%
High: 1,228.70
Low: 1,213.70
Trend: Neutral / Bullish above 1,225.90
Resistance 1: 1,225.90 July 17 low
Resistance 2: 1,232.00 consolidation area
Resistance 3: 1,236.28 July 13 low, key level
Resistance 4: 1,241.50 intraday swing low
Resistance 5: 1,245.65 June 28 low
Support 1: 1,223.00 consolidation area
Support 2: 1,220.90 July 18 low
Support 3: 1,211.17 current 2018 low
Support 4: 1,204.00 July 10, 2017 swing low