GOLD

[GoldTrader]

Gold falls 2%, back under $1,250


The day after the Federal Reserve decided to reduce further the bond-buying program goldplummeted more than $20, suffering the worst decline in more than a month.

The value of the ounce finished Thursday at $1,243.50, the lowest daily close in a week. After starting the day near $1,270 lost momentum and accelerated the downside after breaking below $1,260.

Price made a small pause on European hours around $1,255 to resume the decline afterwards plunging to $1,238.00 (January 30 low).

During the American session gold stabilized and moved in ranges in the last hours between $1,246 and $1,240.

Gold started the week testing levels on top of $1,270 but failed to hold and retreated sharply

[GoldTrader]

Gold breaks above $1,300 to daily highs

Gold trading higher ahead of the US opening.
The XAUUSD up 417 from 1287/oz traded overnight to peak to fresh daily high around 1304/oz a few minutes ago.
The Gold currently trading at 1300/oz, 0.97 positive on the day.
Resistance above at $1309 and good support below at $1248.
Hourly RSI looking upside above 70 so the trend expected slightly bullish.

[David-Trader]

Gold Jumps and rises further after plane crash - 17.07.2014

Gold was rising on Thursday, trading near $1,310/oz but after the plane crash in Ukraine jumped to $1,323.50 reaching the strongest level since Monday.

Afterwards retreated and was trading at $1,315, up almost $20 from yesterday's closing price. The yellow metal is rising for the second day in a row after bottoming at the beginning of the week at $1,291.

On Thursday XAU/USD is still below the price it had last Friday but has trimmed losses. On Monday the ounce was trading at $1,336 but then fell sharply.