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FXStreet (Edinburgh) - The precious metal is trading slightly lower on Thursday, currently hovering over the psychological $1,200-an-ounce handle.
Gold wobbles on US data, Greece
The uncertainty around Greece and the likeliness that the country could leave the euro area in the upcoming weeks have sparked the current resilient sentiment amongst traders, helping Gold to gyrate around the $1,200 neighbourhood.
In another direction, Gold traders remain vigilant on the US data releases, in positive correlation with the timing of a rates lift-off by the Fed.
Gold key levels
The metal is now losing 0.30% at $1,198.94 and a breach of $1,184.00 (low Apr.14) would target $1,180.50 (low Apr.1) en route to $1,178.20 (low Mar.31). On the upside, the immediate resistance lines up at $1,236.79 (high Feb.16) ahead of $1,245.91 (high Feb.10) and finally $1,285.80 (high Feb.3).
