Gold breaks down the $1,200/oz

FXstreet.com (San Francisco) - After a brief pullback from 1,200 in the early American session, the gold's recovery was capped at 1,208 and it was launched to trade below the 1,200 level.

Currently, the XAU/USD is trading at 1,198, lowest since Tuesday December 24th, and 1.0% negative on the day.

XAU/USD levels

Below the 1,200 level, next supports are at 1,193, 1,188 and 1,180. On the upside, resistances are at 1,208, 1,215 and 1,219.