XAUUSD (GOLD) Afloats Above new support level 1300

Today GOLD opens at 1302.99 keep claiming touching 1311 and strong buying mood against weaker US Dollar continues. It seems long time resistance 1300 turns to be new support level.

On Monday GOLD price remains unchanged, the gain reached on last Friday. Have to see how the XAU reacts CB Consumer Confidence, which is estimated at 125.0

The US labour markets, for the first time since 1969 records below 200,000 mark. This continues to impress as unemployment claims dropped from 213,000 to 199,000, but failed to influence precious yellow metal price,

GOLD floats above long time resistance 1300
XAU USD 29th January 2019


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