- Gold lost about $10 this Tuesday as it reached $1,254.50 a troy once intraday. This is a new 2018 low for the metal.
- Gold is currently consolidating the sell-off as it is trading above the 1,260 figure.
- The next resistance is likely located near 1,264.14 Monday’s low.
Spot rate: 1,261.00
Relative change: -0.36%
High: 1,267.67
Low: 1,254.50
Trend: Bearish / correction mode
Resistance 1: 1,264.14 Monday’s low
Resistance 2: 1,270.00 figure
Resistance 3: 1,275.00, 100-period SMA (weekly)
Resistance 4: 1,281.70 May 21 low
Support 1: 1,260.00 figure
Support 2: 1,254.50 current 2018 low
Support 3: 1,250.00 figure