GOLD

Gold Daily chart

• Gold prices stabilised on  Friday as some disappointment over U.S. economic data echoed, driving gains for the U.S. dollar.

• Gold futures for December delivery GCZ2 -0.56%  fell $7.80 to $1,737 an ounce on the Comex division of the New York Mercantile Exchange. On Thursday, gold fell $8.30, or 0.5%, to $1,744.70 an ounce.

4 Hour Chart


A report released in the U.S. on Thursday showed that first-time jobless claims rose by a sharper-than-expected amount. Initial claims rose 46,000 to 388,000, erasing a sharp drop seen the prior weeChart

1 hour Chart

summary

Comment: the immediate trend remains down and the momentum is strong.


Key levels 

1753** Intraday resistance
1747** Intraday resistance
1731** Intraday pivot point
1721.84 Last
1707** Intraday support
1688* Intraday support
1677** Intraday support


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