8 Jul 2014
Gold slightly lower after peaking at $1,325
FXStreet (Córdoba) - Gold gained momentum during European session and jumped to $1,325 reaching the strongest level since last Thursday but afterwards, pulled back sharply erasing all gains.
Price bottomed after Wall Street opening bell at $1,313.30 and currently trades at $1,316 slightly lower for the day.
On the technical outlook there has been no major change in the last days, as the yellow metal continues to move sideways around $1,320 still holding a minor bullish bias.
To the downside the key support area continues to be between $1,305 and $1,310 while to the upside, price has been unable to consolidate above $1,330.
Price bottomed after Wall Street opening bell at $1,313.30 and currently trades at $1,316 slightly lower for the day.
On the technical outlook there has been no major change in the last days, as the yellow metal continues to move sideways around $1,320 still holding a minor bullish bias.
To the downside the key support area continues to be between $1,305 and $1,310 while to the upside, price has been unable to consolidate above $1,330.