Gold slips below key 1200 level – MP

FXStreet (Barcelona) - Kenny Fisher, Currency Analyst at MarketPulse, shares the technical outlook and key levels for XAU/USD, with Gold falling below the key 1200 level.

Key Quotes

“XAU/USD was flat in the Asian session. The pair dipped lower in European trade, breaking below support at 1200.”

“1200 has switched to a resistance role and is a weak line. 1215 is next.”

“1175 is an immediate support level.”

“Current range: 1175 to 1200”

“Further levels in both directions:

Below: 1175, 1154 and 1131 and 1111

Above: 1200, 1215, 1240, 1255 and 1275”