On the big picture, it is obvious that GOLD could not cross the 1212 resistance level.
4Hours ago, the precious metal was very much hesitating from the up side to the down side and finally sellers took the hand and att he present time, GOLD is going back towards 1180.
Having said that, XAUUSD is very much sensitive about the shape and the trend of EURUSD pair. And thus this fall may also suppose that EURUSD would not last high.
Target on the downside remain 1180 1167 1140 for the time.
4Hours ago, the precious metal was very much hesitating from the up side to the down side and finally sellers took the hand and att he present time, GOLD is going back towards 1180.
Having said that, XAUUSD is very much sensitive about the shape and the trend of EURUSD pair. And thus this fall may also suppose that EURUSD would not last high.
Target on the downside remain 1180 1167 1140 for the time.
