FX.co ★ Gold near crucial zone

Gold is trading near the crucial zones. Gold started very well in the new year. It holds June lows and trading marginal higher at the level $1,251. Disappointing US data makes gold fly towards higher levels. Unemployment rate fell to 6.7% from 7%. It seems a last bull leg for gold towards drifting the new lower levels. As we recommending sell gold on rallies. Now it reaches the sell zone.

All the oscillators indicates sell signal. Still we stick on the sell recommendation.

Resistance $1,255. $1,268. В В 

Support $1,227, $1220.

Positional resistance at the level of $1,268. Positional target is $1,150, $1,100.В