- Gold broke to a new 2018 low this Thursday as it fell below $1,211.17 a troy ounce, the former 2018 low.
- Gold seems to have little significant support before 1,204.00 July 10, 2017 swing low.
- Near-term resistances to the upside become the 1,211.17 former 2018 low and 1214.00, July 31 low.
Spot rate: 1,209.67
Relative change: -0.51%
High: 1,221.26
Low: 1,208.20
Trend: Bearish
Resistance 1: 1,211.17 July 19 low
Resistance 2: 1,220.90 July 18 low
Resistance 3: 1,223.00 consolidation area
Resistance 4: 1,225.90 July 17 low
Resistance 5: 1,232.00 consolidation area
Resistance 6: 1,236.28 July 13 low, key level
Resistance 7: 1,241.50 intraday swing low
Resistance 8: 1,245.65 June 28 low
Support 1: 1,204.00 July 10, 2017 swing low
Support 2: 1,194.30 2017, March 10 low
Support 3: 1,180.62 2017 January 27 low