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15 Dec 2014
Gold falls to 200-hour MA at 1,213.25
FXStreet (San Francisco) - The gold fell $11 from 1,224 at the beginning of the week to find support at the level of MA 200 hours level at 1,213.25.
At this level, the yellow metal experienced some buying interest that sent it back to the current 1,216.90. Gold is starting the week with losses after advancing for two weeks.
Gold Levels
The XAUUSD is currently trading at 1,216.80; if the metal consolidates its bounce, it will find resistances at 1,220.80, 1,224.00 and 1,226.25. To the downside, supports are at 1,213.25, 1,209.00 and 1,203.90.
At this level, the yellow metal experienced some buying interest that sent it back to the current 1,216.90. Gold is starting the week with losses after advancing for two weeks.
Gold Levels
The XAUUSD is currently trading at 1,216.80; if the metal consolidates its bounce, it will find resistances at 1,220.80, 1,224.00 and 1,226.25. To the downside, supports are at 1,213.25, 1,209.00 and 1,203.90.