Gold revisits post-NFP lows

By FXStreet FXStreet (Mumbai) – Gold prices are back once again around the post NFP low of USD 1085/Oz levels even though the USD index fell into losses.

Challenging lower end of the range

At the moment, the metal is flirting with a lower end of the three day trading range of USD 1085-1095/Oz. The USD index fell closer to 969.00 levels; down 0.20%. However, the metal failed to cheer the weakness in the USD.
Earlier today, prices had spiked to a high of USD 1092.70/Oz levels, before falling back to post-NFP lows.

Gold Technical Levels

At USD 1086/Oz, the immediate resistance is seen at 1090.00 (hourly 50-MA), above which the prices could test 1100. On the other side, support is seen at 1085.44 (Friday’s low), under which the losses could be extended to 1070 (July lows).
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Source:: FX Street