FX.co ★ Technical analysis of gold for December 24, 2013

The yellow metal is trading at $1,198 during Asia's trading session. It looks very weak in the charts. After the Fed announcement, gold lost its shine, now we are reaching to holiday season and traders are in festive mood. We do not expect any big up/down moves from these levels.

Support 1,290 1,287 1,280

Resistance 1,202 1,207 1,212

Every rise is a chance to sell with sl at $1,212.